Main Street Research LLC Makes New Investment in SAP SE (NYSE:SAP)

Main Street Research LLC bought a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 119,768 shares of the software maker's stock, valued at approximately $32,151,000. SAP makes up 2.1% of Main Street Research LLC's portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC lifted its holdings in SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after buying an additional 1,302,061 shares in the last quarter. TD Asset Management Inc. lifted its holdings in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after buying an additional 798,037 shares in the last quarter. Northern Trust Corp lifted its holdings in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after buying an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in SAP during the 4th quarter worth $163,630,000.

Analysts Set New Price Targets

SAP has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities reiterated a "market outperform" rating and set a $330.00 target price on shares of SAP in a research report on Friday, May 23rd. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SAP has an average rating of "Buy" and a consensus price target of $271.83.

SAP Trading Down 1.7%

Shares of SAP traded down $5.22 during trading hours on Friday, reaching $300.99. The stock had a trading volume of 1,105,063 shares, compared to its average volume of 1,093,398. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $194.93 and a 52 week high of $313.28. The firm has a 50-day moving average of $299.07 and a 200 day moving average of $279.28. The company has a market cap of $369.77 billion, a P/E ratio of 57.66, a P/E/G ratio of 4.33 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share 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.