Calamos Wealth Management LLC Makes New Investment in SAP SE $SAP

Key Points

• Calamos Wealth Management acquired a new SAP stake in the third quarter: 24,996 shares valued at approximately $5.21 million.
• SAP shares fell 4.1% on Friday to $233.57, though the stock remained above its 50-day and 200-day moving averages.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $258.83; recent views included both upgrades and downgrades.

Calamos Wealth Management LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,996 shares of the software maker's stock, valued at approximately $5,211,000.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in SAP in the 3rd quarter worth approximately $30,000. Continuum Advisory LLC purchased a new position in shares of SAP during the second quarter valued at approximately $31,000. Front Row Advisors LLC raised its holdings in shares of SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker's stock valued at $32,000 after acquiring an additional 145 shares in the last quarter. Signature Equity Partners LLC lifted its stake in SAP by 75.6% in the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker's stock worth $33,000 after acquiring an additional 68 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in SAP in the third quarter valued at $34,000.

SAP Stock Down 4.1%

Shares of SAP stock traded down $9.96 during trading hours on Friday, hitting $233.57. 2,404,305 shares of the company's stock traded hands, compared to its average volume of 2,498,104. The stock's fifty day simple moving average is $219.81 and its two-hundred day simple moving average is $192.43. SAP SE has a 12-month low of $144.97 and a 12-month high of $255.90. The stock has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Several brokerages have commented on SAP. UBS Group lowered shares of SAP from a "buy" rating to a "neutral" rating in a report on Wednesday, August 26th. Barclays lifted their target price on shares of SAP from $243.00 to $288.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Erste Group Bank upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Friday, October 30th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Thursday, October 22nd. Finally, Morgan Stanley restated an "overweight" rating on shares of SAP in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.83.

About SAP

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