SAP SE $SAP Shares Bought by MAI Capital Management

MAI Capital Management grew its position in SAP SE (NYSE:SAP) by 22.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,059 shares of the software maker’s stock after buying an additional 943 shares during the period. MAI Capital Management’s holdings in SAP were worth $1,538,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SAP. Twin Tree Management LP grew its position in SAP by 122.5% in the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after acquiring an additional 280,896 shares during the period. Trivest Advisors Ltd purchased a new stake in SAP in the second quarter valued at $52,305,000. Jennison Associates LLC lifted its stake in shares of SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock valued at $67,312,000 after purchasing an additional 146,325 shares during the last quarter. Deutsche Bank AG grew its holdings 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 worth $28,256,000 after purchasing an additional 100,487 shares during the period. Finally, Goldman Sachs Group Inc. increased 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 worth $354,048,000 after purchasing an additional 80,164 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Argus reaffirmed a “buy” rating and issued a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Finally, Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, SAP has a consensus rating of “Buy” and an average price target of $284.33.

SAP Trading Up 1.2%

Shares of SAP stock opened at $236.80 on Monday. SAP SE has a fifty-two week low of $231.55 and a fifty-two week high of $313.28. The company has a 50 day moving average price of $262.63 and a 200 day moving average price of $280.70. The stock has a market capitalization of $290.91 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. Equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.