Connective Portfolio Management LLC Makes New Investment in SAP SE $SAP

Key Points

• Connective Portfolio Management LLC acquired 2,415 shares of SAP SE, valued at approximately $734,000, making SAP 1.6% of its total holdings.
• The stock has received positive ratings from multiple analysts, including a "strong-buy" upgrade from UBS Group, and has a consensus price target of $281.67.
• SAP reported $10.58 billion in revenue for its latest quarter, exceeding analyst estimates significantly, with a year-over-year revenue increase of 8.9%.

Connective Portfolio Management LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,415 shares of the software maker's stock, valued at approximately $734,000. SAP accounts for 1.6% of Connective Portfolio Management LLC's holdings, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Brighton Jones LLC lifted 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 worth $648,000 after buying an additional 1,255 shares during the period. Deutsche Bank AG lifted its holdings in SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after buying an additional 1,396 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of SAP by 26.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,152 shares of the software maker's stock valued at $530,000 after purchasing an additional 452 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of SAP in the 4th quarter valued at approximately $153,000. Finally, Rafferty Asset Management LLC purchased a new position in shares of SAP in the 4th quarter valued at approximately $310,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays restated an "overweight" rating and issued a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, Wells Fargo & Company assumed coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $281.67.

SAP Stock Performance

Shares of SAP opened at $252.17 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a one year low of $217.51 and a one year high of $313.28. The firm has a market capitalization of $309.79 billion, a P/E ratio of 41.75, a PEG ratio of 3.69 and a beta of 1.29. The business has a fifty day moving average of $283.06 and a 200 day moving average of $282.96.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. SAP's revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP 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.

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