Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 1,000 SAP SE (NYSE:SAP)

Key Points

• Arrowpoint Investment Partners acquired 1,000 shares of SAP SE, valued at approximately $268,000, during the first quarter, marking a new position for the firm.
• SAP reported better-than-expected quarterly earnings, with an EPS of $1.70 and revenue of $10.58 billion, surpassing analyst estimates.
• Market analysts generally view SAP positively; recent upgrades include BMO Capital Markets raising the price target to $330.00 and JMP Securities lifting it to $375.00.

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,000 shares of the software maker's stock, valued at approximately $268,000.

Several other hedge funds have also added to or reduced their stakes in the business. Principal Street Partners LLC boosted its position in SAP by 1.0% during the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after buying an additional 35 shares during the period. Independent Advisor Alliance lifted its position in shares of SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock worth $2,673,000 after purchasing an additional 35 shares during the period. Cordatus Wealth Management LLC lifted its position in shares of SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares during the period. Alaethes Wealth LLC lifted its position in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period. Finally, LCM Capital Management Inc lifted its position in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock worth $557,000 after purchasing an additional 39 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAP shares. Barclays restated an "overweight" rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, SAP currently has a consensus rating of "Moderate Buy" and an average price target of $281.67.

SAP Trading Down 0.4%

Shares of NYSE:SAP traded down $1.19 during mid-day trading on Friday, hitting $277.72. The company had a trading volume of 1,292,621 shares, compared to its average volume of 1,766,306. The firm has a fifty day moving average price of $295.20 and a 200 day moving average price of $285.12. The company has a market capitalization of $341.18 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 4.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a one year low of $210.38 and a one year high of $313.28.

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 the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, research analysts forecast that SAP SE will post 6.55 EPS for the current 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.