Ascent Group LLC Has $1.12 Million Holdings in SAP SE $SAP

Ascent Group LLC lifted its position in shares of SAP SE (NYSE:SAP) by 196.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,175 shares of the software maker’s stock after purchasing an additional 2,766 shares during the quarter. Ascent Group LLC’s holdings in SAP were worth $1,121,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAP. GAMMA Investing LLC increased its position in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after buying an additional 1,302,061 shares during the period. Twin Tree Management LP lifted its position in shares of SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after acquiring an additional 280,896 shares during the period. Main Street Research LLC acquired a new position in shares of SAP during the 1st quarter valued at $32,151,000. Deutsche Bank AG lifted its position in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after acquiring an additional 100,487 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after acquiring an additional 80,164 shares during the period.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. JMP Securities boosted their target price on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 23rd. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Sunday, August 31st. Finally, UBS Group upgraded shares of SAP to a “strong-buy” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $281.67.

SAP Stock Performance

NYSE SAP opened at $271.53 on Wednesday. The company has a fifty day simple moving average of $286.67 and a 200 day simple moving average of $283.63. SAP SE has a 12-month low of $210.80 and a 12-month high of $313.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $333.57 billion, a P/E ratio of 44.96, a PEG ratio of 3.88 and a beta of 1.29.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.10 EPS. SAP’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.