Diversify Wealth Management LLC Has $4.17 Million Stake in SAP SE (NYSE:SAP)

Diversify Wealth Management LLC increased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,242 shares of the software maker's stock after acquiring an additional 1,938 shares during the period. Diversify Wealth Management LLC's holdings in SAP were worth $4,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Bartlett & CO. Wealth Management LLC lifted its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in 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 purchasing an additional 66 shares in the last quarter. Rakuten Securities Inc. increased its stake in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Founders Capital Management increased its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its position in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Argus restated a "buy" rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets raised their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. JMP Securities restated a "market outperform" rating and set a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Finally, Barclays reaffirmed 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. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SAP has an average rating of "Buy" and an average price target of $271.83.

SAP Price Performance

Shares of SAP traded down $5.22 during mid-day trading on Friday, reaching $300.99. The company had a trading volume of 1,105,063 shares, compared to its average volume of 1,093,398. The company's 50 day simple moving average is $299.07 and its 200 day simple moving average is $279.28. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $369.77 billion, a price-to-earnings ratio of 57.66, a P/E/G ratio of 4.33 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping 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 business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. Analysts expect that SAP SE will post 6.55 EPS for the current year.

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.