Cerity Partners LLC Has $23.42 Million Position in SAP SE (NYSE:SAP)

Cerity Partners LLC raised its holdings in SAP SE (NYSE:SAP - Free Report) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,230 shares of the software maker's stock after acquiring an additional 14,647 shares during the quarter. Cerity Partners LLC's holdings in SAP were worth $23,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Street Partners LLC boosted its stake in SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after acquiring an additional 35 shares during the last quarter. Alaethes Wealth LLC boosted its stake in SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after acquiring an additional 39 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in SAP by 3.1% in the first quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock valued at $367,000 after acquiring an additional 41 shares during the last quarter. Principal Securities Inc. boosted its stake in SAP by 0.5% in the first quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock valued at $2,173,000 after acquiring an additional 42 shares during the last quarter. Finally, Warther Private Wealth LLC boosted its position in shares of SAP by 2.8% during the first quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock worth $459,000 after purchasing an additional 47 shares in the last quarter.

SAP Stock Up 1.5%

SAP traded up $4.48 during trading on Wednesday, hitting $306.06. The company had a trading volume of 1,021,478 shares, compared to its average volume of 1,094,951. The company has a market capitalization of $376.00 billion, a PE ratio of 58.63, a PEG ratio of 4.25 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $313.28. The firm's 50-day moving average price is $299.11 and its 200 day moving average price is $280.14. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. As a group, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SAP. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Barclays reissued an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target 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.