Highland Capital Management LLC Has $4.60 Million Holdings in SAP SE $SAP

Highland Capital Management LLC lessened its stake in SAP SE (NYSE:SAP) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 15,135 shares of the software maker’s stock after selling 400 shares during the quarter. Highland Capital Management LLC’s holdings in SAP were worth $4,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new position in SAP during the second quarter worth about $920,000. Modern Wealth Management LLC raised its stake in SAP by 292.2% during the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock worth $1,252,000 after acquiring an additional 3,474 shares in the last quarter. Ascent Group LLC raised its stake in SAP by 196.3% during the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock worth $1,121,000 after acquiring an additional 2,766 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new position in SAP during the first quarter worth about $13,869,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research note on Saturday, September 27th. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. JMP Securities boosted their price target on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. Finally, Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $281.67.

SAP Stock Performance

Shares of SAP stock opened at $270.48 on Friday. The business’s 50 day simple moving average is $272.89 and its 200 day simple moving average is $282.40. SAP SE has a one year low of $217.51 and a one year high of $313.28. The stock has a market capitalization of $332.29 billion, a PE ratio of 44.78, a PEG ratio of 3.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

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

About SAP

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.