SAP SE $SAP Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in SAP SE by 16.2%, resulting in ownership of 88,854 shares valued at approximately $23.85 million.
• Several hedge funds significantly boosted their holdings in SAP SE, with GAMMA Investing LLC raising its stake by an incredible 31,239.5%.
• SAP SE reported $10.58 billion in revenue for the latest quarter, significantly exceeding analyst expectations, and achieved an EPS of $1.70, surpassing estimates by $0.07.

Charles Schwab Investment Management Inc. grew its holdings in SAP SE (NYSE:SAP - Free Report) by 16.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,854 shares of the software maker's stock after purchasing an additional 12,359 shares during the period. Charles Schwab Investment Management Inc.'s holdings in SAP were worth $23,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after buying an additional 1,255 shares in the last quarter. Barclays PLC grew its position in shares of SAP by 101.5% in the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after purchasing an additional 230,171 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SAP by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 57,264 shares of the software maker's stock worth $14,099,000 after buying an additional 6,704 shares during the period. MML Investors Services LLC boosted its position in shares of SAP by 27.7% in the fourth quarter. MML Investors Services LLC now owns 59,096 shares of the software maker's stock worth $14,550,000 after buying an additional 12,808 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of SAP by 124.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,664 shares of the software maker's stock worth $1,148,000 after buying an additional 2,584 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAP. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. Barclays reaffirmed an "overweight" rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets lifted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Finally, UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $281.67.

SAP Stock Up 0.2%

Shares of SAP traded up $0.4440 during trading hours on Monday, hitting $271.5540. The company had a trading volume of 914,076 shares, compared to its average volume of 1,360,327. The firm has a fifty day moving average price of $292.38 and a 200-day moving average price of $285.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $333.60 billion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 3.90 and a beta of 1.27. SAP SE has a 52-week low of $210.38 and a 52-week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal 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.