Jackson Square Capital LLC Makes New $1 Million Investment in SAP SE (NYSE:SAP)

Jackson Square Capital LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,741 shares of the software maker's stock, valued at approximately $1,004,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its position in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares during the last quarter. Founders Capital Management raised its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP during the fourth quarter valued at approximately $42,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAP shares. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus restated a "buy" rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Barclays restated an "overweight" rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, BMO Capital Markets boosted their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $271.83.

SAP Trading Down 2.9%

Shares of SAP traded down $8.81 during trading hours on Friday, reaching $292.93. 1,445,001 shares of the company traded hands, compared to its average volume of 1,064,751. The firm has a market cap of $359.87 billion, a price-to-earnings ratio of 102.07, a PEG ratio of 4.71 and a beta of 1.32. SAP SE has a 12-month low of $186.50 and a 12-month high of $311.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $286.70 and its 200 day moving average price is $272.24.

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, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. The ex-dividend date was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. SAP's dividend payout ratio is 35.25%.

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.