SAP SE (NYSE:SAP) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 11,100.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 896 shares of the software maker's stock after buying an additional 888 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in SAP were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Principal Street Partners LLC raised its position in shares of SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after acquiring an additional 35 shares in the last quarter. Alaethes Wealth LLC increased its position in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after buying an additional 39 shares in the last quarter. D Orazio & Associates Inc. increased its position in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock valued at $367,000 after buying an additional 41 shares in the last quarter. Principal Securities Inc. increased its position in SAP by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock valued at $2,173,000 after buying an additional 42 shares in the last quarter. Finally, Warther Private Wealth LLC increased its position in SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock valued at $459,000 after buying an additional 47 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock traded down $2.44 during trading on Friday, hitting $306.17. 1,021,167 shares of the company's stock were exchanged, compared to its average volume of 1,102,539. 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 business has a 50-day simple moving average of $299.81 and a 200-day simple moving average of $281.39. SAP SE has a 52-week low of $194.93 and a 52-week high of $313.28. The stock has a market capitalization of $376.13 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 4.33 and a beta of 1.30.

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

Analyst Ratings Changes

SAP has been the topic of a number of recent analyst reports. Barclays reiterated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. BMO Capital Markets increased their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Piper Sandler assumed coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus price target 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.