SAP SE (NYSE:SAP) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 3,708,554 shares, an increase of 72.4% from the October 31st total of 2,151,494 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 943,913 shares, the days-to-cover ratio is currently 3.9 days.

SAP has been the subject of a number of recent research reports. DZ Bank restated a “buy” rating on shares of SAP in a research note on Friday, November 23rd. UBS Group upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of SAP in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. SAP has an average rating of “Buy” and a consensus target price of $112.89.

SAP opened at $101.51 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 1.13. SAP has a twelve month low of $98.83 and a twelve month high of $127.16. The stock has a market capitalization of $126.43 billion, a PE ratio of 23.55, a PEG ratio of 3.27 and a beta of 1.27.

SAP (NYSE:SAP) last posted its earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.64%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that SAP will post 4.29 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. CSat Investment Advisory L.P. bought a new stake in shares of SAP in the 2nd quarter worth about $5,382,000. Trillium Asset Management LLC grew its holdings in SAP by 1.7% during the 3rd quarter. Trillium Asset Management LLC now owns 42,971 shares of the software maker’s stock worth $5,285,000 after acquiring an additional 730 shares during the last quarter. Sawtooth Solutions LLC grew its holdings in SAP by 17.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,488 shares of the software maker’s stock worth $519,000 after acquiring an additional 661 shares during the last quarter. Timber Hill LLC bought a new stake in SAP during the 2nd quarter worth about $821,000. Finally, Hilltop Holdings Inc. bought a new stake in SAP during the 2nd quarter worth about $245,000. 4.42% of the stock is currently owned by institutional investors and hedge funds.

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About SAP

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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