HighTower Advisors LLC Acquires 3,993 Shares of SAP SE $SAP

Key Points

• HighTower Advisors LLC increased its stake in SAP SE by 5.2%, owning a total of 80,688 shares valued at approximately $21.66 million as of the latest SEC filing.
• Several large investors also raised their positions in SAP, with notable increases from TD Asset Management Inc (3.8% increase) and GAMMA Investing LLC (over 31,000% increase).
• SAP reported earnings of $1.70 EPS for the quarter, surpassing expectations and showing a year-over-year revenue growth of 8.9%, contributing to a positive outlook among analysts.

HighTower Advisors LLC grew its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,688 shares of the software maker's stock after buying an additional 3,993 shares during the period. HighTower Advisors LLC's holdings in SAP were worth $21,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after buying an additional 66 shares during the last quarter. Founders Capital Management lifted its holdings 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 purchasing an additional 75 shares during the last quarter. Highline Wealth Partners LLC lifted its position in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in SAP by 108.6% during the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock worth $53,000 after acquiring an additional 101 shares during the period.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Erste Group Bank lowered SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Finally, Barclays reiterated 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SAP currently has a consensus rating of "Buy" and an average target price of $281.67.

SAP Trading Down 0.9%

SAP stock traded down $2.3360 during mid-day trading on Wednesday, hitting $271.8940. The stock had a trading volume of 847,856 shares, compared to its average volume of 1,358,772. The stock has a 50-day simple moving average of $294.01 and a two-hundred day simple moving average of $285.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $334.02 billion, a PE ratio of 45.01, a P/E/G ratio of 3.98 and a beta of 1.27. SAP SE has a 12 month low of $210.38 and a 12 month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, sell-side analysts forecast 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.