119,768 Shares in SAP SE (NYSE:SAP) Bought by Main Street Research LLC

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

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on SAP shares. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Argus reissued a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Trading Up 1.1%

SAP stock traded up $3.43 during midday trading on Wednesday, reaching $312.19. The company's stock had a trading volume of 795,119 shares, compared to its average volume of 1,087,818. The stock has a fifty day simple moving average of $298.33 and a two-hundred day simple moving average of $278.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $383.53 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 4.38 and a beta of 1.30. SAP SE has a 1 year low of $194.93 and a 1 year high of $312.26.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

About SAP

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.