SAP SE (NYSE:SAP) Sees Large Growth in Short Interest

SAP SE (NYSE:SAP) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 2,490,000 shares, an increase of 6.4% from the December 15th total of 2,340,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 634,000 shares, the days-to-cover ratio is presently 3.9 days.

Several research analysts recently commented on SAP shares. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target (up previously from $141.00) on shares of SAP in a research note on Wednesday, November 13th. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Wednesday, January 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price target on shares of SAP in a research note on Monday, October 21st. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Monday, December 23rd. Finally, TD Securities upgraded SAP to a “buy” rating and boosted their price target for the stock from $45.00 to $46.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. SAP has a consensus rating of “Hold” and a consensus price target of $122.73.

A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. UBS Group AG grew its holdings in shares of SAP by 181.8% during the second quarter. UBS Group AG now owns 1,653,111 shares of the software maker’s stock valued at $226,146,000 after purchasing an additional 1,066,406 shares during the last quarter. Fisher Asset Management LLC grew its holdings in SAP by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 7,585,866 shares of the software maker’s stock worth $894,146,000 after buying an additional 173,795 shares in the last quarter. Nuveen Asset Management LLC bought a new position in SAP in the 2nd quarter worth approximately $7,637,000. Royal Bank of Canada grew its holdings in SAP by 6.1% in the 2nd quarter. Royal Bank of Canada now owns 871,055 shares of the software maker’s stock worth $119,161,000 after buying an additional 50,085 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in SAP in the 3rd quarter worth approximately $4,902,000. Hedge funds and other institutional investors own 4.83% of the company’s stock.

NYSE SAP traded up $2.25 on Friday, hitting $139.54. 4,292 shares of the stock traded hands, compared to its average volume of 767,221. The stock has a 50-day moving average of $135.33 and a 200 day moving average of $128.51. SAP has a twelve month low of $100.97 and a twelve month high of $140.62. The company has a market capitalization of $165.67 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. SAP had a return on equity of 16.12% and a net margin of 12.62%. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. SAP’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that SAP will post 4.46 earnings per share for the current year.

About SAP

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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