NWF Advisory Services Inc. Takes $2.42 Million Position in SAP SE $SAP

NWF Advisory Services Inc. acquired a new position in SAP SE (NYSE:SAP) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 9,036 shares of the software maker’s stock, valued at approximately $2,415,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SAP by 7.8% in the second quarter. JPMorgan Chase & Co. now owns 1,087,751 shares of the software maker’s stock worth $330,786,000 after acquiring an additional 78,306 shares during the last quarter. Sands Capital Management LLC boosted its holdings in shares of SAP by 29.8% in the 2nd quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock valued at $88,002,000 after purchasing an additional 66,354 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of SAP by 195.0% during the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after buying an additional 146,325 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $239.65 on Tuesday. The stock’s 50 day simple moving average is $240.92 and its 200 day simple moving average is $262.00. SAP SE has a 12-month low of $220.89 and a 12-month high of $313.28. The firm has a market cap of $283.87 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.75 and a beta of 1.18. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. Hsbc Global Res raised SAP to a “hold” rating in a research report on Tuesday, January 20th. Argus restated a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Friday, October 24th. KeyCorp reiterated an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. BMO Capital Markets cut their target price on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $280.20.

About SAP

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.