Hexagon Capital Partners LLC Grows Stake in SAP SE (NYSE:SAP)

Hexagon Capital Partners LLC boosted its position in SAP SE (NYSE:SAP) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140 shares of the software maker’s stock after purchasing an additional 276 shares during the period. Hexagon Capital Partners LLC’s holdings in SAP were worth $331,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of SAP by 2.1% during the third quarter. FMR LLC now owns 5,864,247 shares of the software maker’s stock worth $758,364,000 after purchasing an additional 122,135 shares during the last quarter. Clearbridge Investments LLC grew its position in SAP by 1.7% during the third quarter. Clearbridge Investments LLC now owns 2,362,893 shares of the software maker’s stock valued at $305,569,000 after acquiring an additional 38,625 shares during the period. Ameriprise Financial Inc. grew its position in SAP by 213.0% during the third quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock valued at $183,507,000 after acquiring an additional 966,450 shares during the period. Envestnet Asset Management Inc. lifted its position in SAP by 64.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock valued at $137,160,000 after buying an additional 414,407 shares in the last quarter. Finally, Northern Trust Corp grew its stake in SAP by 3.7% during the third quarter. Northern Trust Corp now owns 897,430 shares of the software maker’s stock worth $116,056,000 after buying an additional 31,675 shares during the period.

SAP Stock Down 0.5 %

SAP stock traded down $0.92 during mid-day trading on Wednesday, hitting $180.29. 77,596 shares of the company were exchanged, compared to its average volume of 767,983. The company has a market capitalization of $212.67 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 3.60 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. SAP SE has a twelve month low of $126.75 and a twelve month high of $199.29. The firm has a fifty day simple moving average of $188.19 and a 200 day simple moving average of $167.03.

SAP Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be given a $2.3852 dividend. This is an increase from SAP’s previous annual dividend of $2.19. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is presently 37.31%.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent research reports. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays lowered their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group raised their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. JMP Securities raised their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets raised their price target on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $206.20.

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.