Bridgewater Advisors Inc. Takes $1.37 Million Position in SAP SE (NYSE:SAP)

Bridgewater Advisors Inc. bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,671 shares of the software maker's stock, valued at approximately $1,367,000.

A number of other large investors have also bought and sold shares of SAP. Whittier Trust Co. lifted its stake in SAP by 9.7% in the first quarter. Whittier Trust Co. now owns 9,809 shares of the software maker's stock worth $2,633,000 after acquiring an additional 865 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of SAP by 6.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 157,600 shares of the software maker's stock valued at $42,306,000 after buying an additional 10,061 shares during the period. SBI Securities Co. Ltd. raised its stake in SAP by 863.2% in the first quarter. SBI Securities Co. Ltd. now owns 7,282 shares of the software maker's stock worth $1,955,000 after buying an additional 6,526 shares in the last quarter. Apollon Wealth Management LLC boosted its position in SAP by 26.4% during the 1st quarter. Apollon Wealth Management LLC now owns 4,431 shares of the software maker's stock valued at $1,189,000 after acquiring an additional 926 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of SAP by 2.8% during the 1st quarter. Signaturefd LLC now owns 21,136 shares of the software maker's stock worth $5,674,000 after acquiring an additional 583 shares during the period.

SAP Stock Up 1.5%

SAP traded up $4.48 during trading on Wednesday, hitting $306.06. 1,021,478 shares of the company's stock traded hands, compared to its average volume of 1,097,630. The stock has a market capitalization of $376.00 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 4.27 and a beta of 1.30. The company's 50 day simple moving average is $299.28 and its two-hundred day simple moving average is $280.32. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28. 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 (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JMP Securities restated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Argus reissued a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. UBS Group upgraded shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $271.83.

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.