Dash Acquisitions Inc. Raises Holdings in SAP SE (NYSE:SAP)

Dash Acquisitions Inc. lifted its holdings in SAP SE (NYSE:SAP) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,100 shares of the software maker’s stock after acquiring an additional 2,175 shares during the period. SAP makes up approximately 4.6% of Dash Acquisitions Inc.’s portfolio, making the stock its 10th biggest position. Dash Acquisitions Inc.’s holdings in SAP were worth $19,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC boosted its holdings in shares of SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after purchasing an additional 4,596 shares during the period. Creative Planning increased its stake in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in shares of SAP during the first quarter valued at about $237,000. Finally, CWM LLC boosted its position in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after purchasing an additional 240 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAP. BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price target on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Down 0.2 %

NYSE:SAP opened at $233.11 on Friday. SAP SE has a 52 week low of $137.77 and a 52 week high of $243.01. The firm has a 50-day moving average price of $225.51 and a two-hundred day moving average price of $206.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $286.38 billion, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 4.47 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that SAP SE will post 4.9 earnings per share for the current fiscal year.

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.