Private Advisor Group LLC Invests $355,000 in SAP SE (SAP)
Private Advisor Group LLC purchased a new stake in shares of SAP SE (NYSE:SAP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,074 shares of the software maker’s stock, valued at approximately $355,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in SAP by 18.3% during the first quarter. Signaturefd LLC now owns 2,883 shares of the software maker’s stock valued at $303,000 after buying an additional 447 shares in the last quarter. Naples Global Advisors LLC boosted its stake in SAP by 2.9% during the second quarter. Naples Global Advisors LLC now owns 16,195 shares of the software maker’s stock valued at $1,873,000 after buying an additional 450 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in SAP by 1.1% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 40,183 shares of the software maker’s stock valued at $4,647,000 after buying an additional 451 shares in the last quarter. Ballentine Partners LLC boosted its stake in SAP by 10.5% during the second quarter. Ballentine Partners LLC now owns 4,805 shares of the software maker’s stock valued at $556,000 after buying an additional 456 shares in the last quarter. Finally, Icon Wealth Partners LLC boosted its stake in SAP by 35.2% during the first quarter. Icon Wealth Partners LLC now owns 1,796 shares of the software maker’s stock valued at $189,000 after buying an additional 468 shares in the last quarter. 4.53% of the stock is currently owned by institutional investors.
SAP has been the subject of several research reports. Jefferies Financial Group initiated coverage on SAP in a research note on Friday, June 1st. They set a “buy” rating and a $140.00 target price for the company. Oppenheimer increased their price target on SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. ValuEngine upgraded SAP from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Finally, Deutsche Bank reiterated a “buy” rating on shares of SAP in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. SAP presently has an average rating of “Buy” and an average price target of $113.70.
SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, July 19th. The software maker reported $0.98 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.98. SAP had a return on equity of 18.07% and a net margin of 17.92%. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same quarter last year, the company posted $0.94 EPS. SAP’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts expect that SAP SE will post 4.39 EPS for the current fiscal year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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