SAP SE (NYSE:SAP) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,595 shares of the software maker’s stock after purchasing an additional 1,770 shares during the period. Advisors Asset Management Inc.’s holdings in SAP were worth $3,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SAP. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of SAP during the 3rd quarter worth about $47,000. West Family Investments Inc. grew its holdings in SAP by 5.3% in the third quarter. West Family Investments Inc. now owns 6,211 shares of the software maker’s stock valued at $1,423,000 after purchasing an additional 315 shares during the period. OneAscent Financial Services LLC purchased a new position in SAP during the third quarter worth approximately $346,000. Finally, Caprock Group LLC raised its stake in SAP by 5.7% during the third quarter. Caprock Group LLC now owns 15,323 shares of the software maker’s stock worth $3,511,000 after purchasing an additional 830 shares during the period.

SAP Trading Up 0.1 %

NYSE:SAP opened at $236.25 on Friday. The stock has a market cap of $290.23 billion, a price-to-earnings ratio of 94.50, a price-to-earnings-growth ratio of 4.53 and a beta of 1.25. SAP SE has a one year low of $148.38 and a one year high of $243.01. 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 business’s 50-day simple moving average is $230.65 and its 200 day simple moving average is $212.23.

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 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 during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that SAP SE will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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