Apollon Wealth Management LLC Has $1.19 Million Stake in SAP SE (NYSE:SAP)

Apollon Wealth Management LLC grew its stake in SAP SE (NYSE:SAP - Free Report) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,431 shares of the software maker's stock after acquiring an additional 926 shares during the period. Apollon Wealth Management LLC's holdings in SAP were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its stake in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares during the last quarter. Founders Capital Management boosted its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after buying an additional 77 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock valued at $53,000 after acquiring an additional 101 shares during the period.

SAP Trading Up 0.8%

SAP opened at $308.38 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The firm's fifty day simple moving average is $299.56 and its 200 day simple moving average is $280.73. The stock has a market capitalization of $378.85 billion, a P/E ratio of 59.08, a P/E/G ratio of 4.33 and a beta of 1.30.

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

Analysts Set New Price Targets

SAP has been the topic of several research reports. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Argus reiterated a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Piper Sandler started coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 price objective on shares of SAP in a research note on Friday, May 23rd. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $271.83.

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.

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