SAP SE (SAP) Shares Bought by State Street Corp
State Street Corp lifted its position in shares of SAP SE (NYSE:SAP) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,794 shares of the software maker’s stock after acquiring an additional 4,622 shares during the quarter. State Street Corp’s holdings in SAP SE were worth $21,436,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SAP. Dimensional Fund Advisors LP boosted its stake in shares of SAP SE by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 111,506 shares of the software maker’s stock worth $10,947,000 after acquiring an additional 1,146 shares in the last quarter. Creative Planning lifted its stake in SAP SE by 20.2% in the 2nd quarter. Creative Planning now owns 8,234 shares of the software maker’s stock valued at $862,000 after buying an additional 1,381 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its stake in SAP SE by 0.8% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 34,030 shares of the software maker’s stock valued at $3,562,000 after buying an additional 270 shares in the last quarter. Highland Capital Management LLC lifted its stake in SAP SE by 9.8% in the 2nd quarter. Highland Capital Management LLC now owns 36,577 shares of the software maker’s stock valued at $3,829,000 after buying an additional 3,260 shares in the last quarter. Finally, Westwood Management Corp IL lifted its stake in SAP SE by 1.8% in the 2nd quarter. Westwood Management Corp IL now owns 203,300 shares of the software maker’s stock valued at $21,279,000 after buying an additional 3,600 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors and hedge funds.
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Shares of SAP SE (SAP) opened at $113.94 on Friday. The company has a market capitalization of $138,729.52, a price-to-earnings ratio of 31.44, a PEG ratio of 3.26 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP SE has a twelve month low of $81.30 and a twelve month high of $116.90.
SAP SE (NYSE:SAP) last released its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.68 billion. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The firm’s revenue was up 4.0% on a year-over-year basis. research analysts predict that SAP SE will post 4.13 earnings per share for the current year.
SAP SE announced that its board has approved a share repurchase program on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities research analysts recently issued reports on SAP shares. Stifel Nicolaus reaffirmed a “sell” rating and issued a $75.00 target price on shares of SAP SE in a research note on Thursday, October 12th. BMO Capital Markets started coverage on SAP SE in a research note on Friday, October 20th. They issued a “market perform” rating and a $115.00 target price on the stock. They noted that the move was a valuation call. Berenberg Bank started coverage on SAP SE in a research note on Wednesday, August 23rd. They issued a “buy” rating on the stock. Morgan Stanley reaffirmed a “buy” rating on shares of SAP SE in a research note on Monday, October 16th. Finally, DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. SAP SE presently has a consensus rating of “Buy” and a consensus target price of $106.91.
SAP SE Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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