CW Advisors LLC Has $1.04 Million Holdings in SAP SE $SAP

Key Points

• CW Advisors LLC has reduced its stock position in SAP SE by 26.9% in the first quarter, now holding 3,866 shares valued at approximately $1,038,000.
• Deutsche Bank AG has increased its stake in SAP by 41.3%, while other investors like TD Asset Management Inc. and Charles Schwab Investment Management Inc. have also upped their holdings in the software maker.
• SAP reported $10.58 billion in revenue for the last quarter, significantly exceeding analyst estimates, with an earnings per share (EPS) of $1.70, surpassing the consensus estimate of $1.63.

CW Advisors LLC decreased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,866 shares of the software maker's stock after selling 1,424 shares during the period. CW Advisors LLC's holdings in SAP were worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC raised its stake in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Founders Capital Management raised its stake in shares of SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Highline Wealth Partners LLC raised its stake in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Dagco Inc. bought a new position in shares of SAP in the first quarter valued at approximately $45,000.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Barclays reissued an "overweight" rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, SAP has an average rating of "Buy" and a consensus target price of $281.67.

SAP Trading Up 0.1%

Shares of SAP traded up $0.32 during trading hours on Thursday, reaching $275.43. The stock had a trading volume of 731,000 shares, compared to its average volume of 1,586,241. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52 week low of $210.38 and a 52 week high of $313.28. The firm has a 50-day moving average of $290.84 and a 200 day moving average of $284.73. The company has a market cap of $338.36 billion, a P/E ratio of 45.60, a P/E/G ratio of 3.96 and a beta of 1.27.

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