SAP SE (NYSE:SAP) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in SAP SE (NYSE:SAP) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,976 shares of the software maker’s stock after purchasing an additional 15,604 shares during the period. NewEdge Advisors LLC’s holdings in SAP were worth $39,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in SAP in the first quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC grew its stake in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC raised its stake in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in SAP during the 1st quarter worth about $29,000.

SAP Trading Down 0.0 %

NYSE SAP opened at $228.00 on Friday. The firm’s fifty day moving average is $215.51 and its two-hundred day moving average is $199.91. SAP SE has a one year low of $126.75 and a one year high of $231.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $280.10 billion, a PE ratio of 49.46, a P/E/G ratio of 4.44 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that SAP SE will post 4.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of recent analyst reports. Barclays increased their price objective on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. BMO Capital Markets increased their price target on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. TD Cowen boosted their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities upped their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target of $232.00.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.