Adage Capital Partners GP L.L.C. Takes $4.03 Million Position in SAP SE $SAP

Adage Capital Partners GP L.L.C. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,000 shares of the software maker's stock, valued at approximately $4,027,000.

Several other institutional investors also recently modified their holdings of SAP. Brighton Jones LLC lifted its holdings in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after buying an additional 1,255 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of SAP by 71.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,198 shares of the software maker's stock worth $787,000 after acquiring an additional 1,332 shares during the period. Cary Street Partners Financial LLC bought a new stake in SAP in the fourth quarter valued at approximately $276,000. Cetera Investment Advisers increased its position in SAP by 16.8% during the 4th quarter. Cetera Investment Advisers now owns 37,498 shares of the software maker's stock valued at $9,232,000 after purchasing an additional 5,399 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in SAP by 27.5% during the 4th quarter. EP Wealth Advisors LLC now owns 2,738 shares of the software maker's stock worth $674,000 after purchasing an additional 590 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company assumed coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, Barclays restated an "overweight" rating and set a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $281.67.

SAP Stock Down 4.1%

Shares of NYSE:SAP traded down $11.08 during trading on Wednesday, reaching $260.40. 3,242,065 shares of the stock were exchanged, compared to its average volume of 1,384,320. The stock has a fifty day moving average of $286.67 and a two-hundred day moving average of $283.63. SAP SE has a 1-year low of $212.11 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $319.90 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 3.88 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm earned $1.10 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal 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.