SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,010,000 shares, a growth of 25.6% from the October 15th total of 1,600,000 shares. Based on an average daily trading volume, of 826,900 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. bought a new stake in shares of SAP during the 3rd quarter valued at $25,000. LRI Investments LLC bought a new stake in SAP during the first quarter valued at about $25,000. POM Investment Strategies LLC increased its position in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of SAP during the 3rd quarter valued at about $42,000.

SAP Stock Down 1.3 %

SAP opened at $228.31 on Friday. The firm has a 50 day moving average price of $228.97 and a 200-day moving average price of $210.45. The stock has a market capitalization of $280.48 billion, a price-to-earnings ratio of 91.32, a PEG ratio of 4.41 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a twelve month low of $148.10 and a twelve month high of $243.01.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion during 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 company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that SAP will post 4.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

SAP Company Profile

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.