BTC Capital Management Inc. Has $1.85 Million Stock Position in SAP SE $SAP

BTC Capital Management Inc. lifted its holdings in SAP SE (NYSE:SAP) by 56.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,919 shares of the software maker’s stock after purchasing an additional 2,488 shares during the period. BTC Capital Management Inc.’s holdings in SAP were worth $1,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SAP. Oppenheimer Asset Management Inc. lifted its holdings in SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC lifted its stake in shares of SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after buying an additional 7,714 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of SAP by 59.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock worth $10,353,000 after buying an additional 12,637 shares during the period. AMF Tjanstepension AB grew its stake in SAP by 118.9% in the 3rd quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock valued at $30,911,000 after buying an additional 62,842 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in SAP by 20.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock worth $38,622,000 after acquiring an additional 21,372 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. TD Cowen restated a “buy” rating on shares of SAP in a research note on Friday, January 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 27th. Citigroup downgraded SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Barclays set a $283.00 price objective on SAP in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Trading Up 0.4%

Shares of SAP opened at $204.65 on Friday. The stock’s 50-day moving average price is $231.83 and its 200 day moving average price is $253.68. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $251.41 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.26 and a beta of 1.17. SAP SE has a 12-month low of $189.22 and a 12-month high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.SAP’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.