Advisory Services Network LLC Increases Stake in SAP SE (NYSE:SAP)

Advisory Services Network LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,154 shares of the software maker’s stock after purchasing an additional 671 shares during the quarter. Advisory Services Network LLC’s holdings in SAP were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SAP. Virtu Financial LLC purchased a new stake in shares of SAP in the 4th quarter valued at approximately $254,000. Cambridge Investment Research Advisors Inc. lifted its holdings in SAP by 55.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,682 shares of the software maker’s stock valued at $359,000 after acquiring an additional 958 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in SAP in the fourth quarter valued at approximately $1,395,000. MAI Capital Management lifted its holdings in SAP by 76.8% in the fourth quarter. MAI Capital Management now owns 7,588 shares of the software maker’s stock valued at $1,017,000 after acquiring an additional 3,295 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in SAP by 4.0% in the fourth quarter. Quadrant Capital Group LLC now owns 12,711 shares of the software maker’s stock worth $1,676,000 after acquiring an additional 484 shares during the period. 4.83% of the stock is currently owned by institutional investors.

Shares of NYSE SAP opened at $137.44 on Friday. The firm has a market cap of $164.05 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 2.65 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. SAP SE has a 52-week low of $105.85 and a 52-week high of $140.67. The business’s 50 day moving average is $135.85 and its two-hundred day moving average is $128.85.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.82 EPS for the quarter, topping the consensus estimate of $1.70 by $0.12. SAP had a return on equity of 15.41% and a net margin of 12.07%. The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.10 billion. During the same period last year, the business posted $1.51 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts anticipate that SAP SE will post 5.3 EPS for the current fiscal year.

Several equities research analysts have issued reports on SAP shares. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Tuesday, January 28th. Goldman Sachs Group upped their price target on SAP from $168.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, January 24th. ValuEngine upgraded SAP from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Bank of America downgraded SAP from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reduced their price objective on shares of SAP from $167.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $135.73.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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