BI Asset Management Fondsmaeglerselskab A S Acquires 1,316 Shares of SAP SE $SAP

Key Points

• BI Asset Management Fondsmaeglerselskab A S raised its holdings in SAP SE by 122.6% in Q1, bringing their total to 2,389 shares valued at $641,000.
• A variety of institutional investors have increased their stakes in SAP, with significant increases reported by firms like Brighton Jones LLC and Barclays PLC.
• BMO Capital Markets and other analysts have recently updated their ratings for SAP, with BMO raising the price target from $320.00 to $330.00 and giving it an "outperform" rating.

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 122.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,389 shares of the software maker's stock after purchasing an additional 1,316 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in SAP were worth $641,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Legacy Financial Advisors Inc. increased its stake in SAP by 7.6% during the 1st quarter. Legacy Financial Advisors Inc. now owns 3,145 shares of the software maker's stock worth $844,000 after purchasing an additional 221 shares in the last quarter. Quantbot Technologies LP acquired a new position in SAP during the 1st quarter worth approximately $711,000. Qtron Investments LLC boosted its position in SAP by 2.4% during the 1st quarter. Qtron Investments LLC now owns 12,035 shares of the software maker's stock worth $3,231,000 after acquiring an additional 277 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in SAP by 16.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 10,261 shares of the software maker's stock worth $2,754,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Aviso Financial Inc. boosted its position in SAP by 2.6% during the 1st quarter. Aviso Financial Inc. now owns 321,048 shares of the software maker's stock worth $86,182,000 after acquiring an additional 8,098 shares during the last quarter.

SAP Stock Up 0.2%

Shares of NYSE SAP traded up $0.52 during trading hours on Thursday, hitting $275.63. The company had a trading volume of 466,948 shares, compared to its average volume of 1,359,753. The stock has a market capitalization of $338.61 billion, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 3.88 and a beta of 1.27. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 1-year low of $210.38 and a 1-year high of $313.28. The firm's 50 day moving average is $291.13 and its 200-day moving average is $284.76.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. JMP Securities upped their price target on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $281.67.

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.