Generali Investments CEE investicni spolecnost a.s. Buys Shares of 36,024 SAP SE (NYSE:SAP)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 36,024 shares of the software maker's stock, valued at approximately $9,650,000. SAP comprises 0.9% of Generali Investments CEE investicni spolecnost a.s.'s investment portfolio, making the stock its 18th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its stake in SAP by 585.7% in 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 holdings in shares of SAP by 153.5% during 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 in the last quarter. Rakuten Securities Inc. increased its stake in SAP by 2,700.0% during the 4th 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 raised its stake in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Finally, 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 worth $37,000 after purchasing an additional 77 shares during the last quarter.

SAP Trading Up 1.1%

SAP stock traded up $3.26 during midday trading on Tuesday, hitting $308.79. The stock had a trading volume of 1,552,106 shares, compared to its average volume of 1,087,254. SAP SE has a 12-month low of $194.93 and a 12-month high of $311.40. The company's 50-day moving average price is $298.33 and its 200 day moving average price is $278.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $379.35 billion, a PE ratio of 59.16, a price-to-earnings-growth ratio of 4.37 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. Barclays reiterated an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $271.83.

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.