Denali Advisors LLC lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 91.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,492 shares of the software maker's stock after purchasing an additional 2,629 shares during the period. Denali Advisors LLC's holdings in SAP were worth $1,474,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in shares of SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock valued at $1,175,000 after buying an additional 1,396 shares during the period. National Bank of Canada FI lifted its holdings in SAP by 3.3% in the 4th quarter. National Bank of Canada FI now owns 75,692 shares of the software maker's stock worth $18,636,000 after buying an additional 2,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SAP by 473.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker's stock valued at $502,000 after purchasing an additional 1,718 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in SAP during the first quarter worth about $790,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of SAP by 15.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock valued at $313,000 after acquiring an additional 172 shares in the last quarter.
Wall Street Analyst Weigh In
SAP has been the topic of several analyst reports. Barclays restated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. BMO Capital Markets upped their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. 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. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $279.33.
Get Our Latest Analysis on SAP
SAP Stock Performance
Shares of SAP stock traded down $13.01 during trading hours on Wednesday, reaching $293.28. 2,654,124 shares of the company traded hands, compared to its average volume of 1,113,338. The firm has a 50-day moving average price of $299.81 and a 200 day moving average price of $281.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28. The company has a market cap of $360.29 billion, a P/E ratio of 56.23, a P/E/G ratio of 4.35 and a beta of 1.30.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the company posted $1.10 EPS. SAP's quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Company Profile
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Free Report)
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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