Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in SAP SE $SAP

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 63.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,409 shares of the software maker's stock after acquiring an additional 1,328 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SAP were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SAP. GAMMA Investing LLC raised its stake in SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after acquiring an additional 1,302,061 shares in the last quarter. Northern Trust Corp grew its stake in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after buying an additional 701,880 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of SAP by 6,165.7% during the fourth quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock worth $88,010,000 after buying an additional 351,755 shares during the last quarter. Barclays PLC grew its stake in shares of SAP by 101.5% during the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock worth $826,000 after buying an additional 230,171 shares during the last quarter. Finally, Main Street Research LLC bought a new stake in shares of SAP during the first quarter worth $32,151,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research reports. Barclays reiterated an "overweight" rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Wells Fargo & Company started coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Finally, Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.67.

SAP Trading Down 0.7%

Shares of NYSE:SAP traded down $1.97 during trading on Monday, reaching $275.89. The stock had a trading volume of 1,085,736 shares, compared to its average volume of 1,355,824. The firm's fifty day moving average is $295.20 and its 200 day moving average is $285.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a 52 week low of $210.38 and a 52 week high of $313.28. The stock has a market cap of $338.92 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 4.00 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%. The business had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal 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.