Sandy Spring Bank boosted its position in shares of SAP SE (NYSE:SAP) by 178.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 337 shares of the software maker’s stock after buying an additional 216 shares during the quarter. Sandy Spring Bank’s holdings in SAP were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Lazard Asset Management LLC raised its position in SAP by 326.9% during the first quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock worth $203,849,000 after acquiring an additional 1,351,984 shares in the last quarter. Jennison Associates LLC bought a new stake in SAP during the first quarter worth $56,261,000. GQG Partners LLC raised its position in SAP by 12.2% during the first quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock worth $287,266,000 after acquiring an additional 270,941 shares in the last quarter. Fisher Asset Management LLC raised its position in SAP by 3.6% during the second quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after acquiring an additional 256,923 shares in the last quarter. Finally, FMR LLC raised its position in SAP by 6.8% during the first quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock worth $433,659,000 after acquiring an additional 240,014 shares in the last quarter. 5.00% of the stock is currently owned by hedge funds and other institutional investors.
SAP has been the topic of several analyst reports. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. ValuEngine lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Argus reaffirmed a “buy” rating on shares of SAP in a research report on Wednesday, May 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $118.00 price target on shares of SAP in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 price target on the stock. in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $125.63.
Shares of SAP opened at $118.98 on Friday. The firm has a market capitalization of $143.58 billion, a PE ratio of 26.26, a PEG ratio of 2.59 and a beta of 1.08. The company’s 50-day moving average is $128.60 and its 200-day moving average is $120.48. SAP SE has a fifty-two week low of $94.81 and a fifty-two week high of $140.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.
SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. SAP had a net margin of 11.95% and a return on equity of 15.39%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Analysts predict that SAP SE will post 4.28 earnings per share for the current fiscal year.
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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