NewEdge Advisors LLC Purchases 20,024 Shares of SAP SE $SAP

Key Points

• NewEdge Advisors increased its SAP stake by 10.4% in the first quarter, purchasing 20,024 additional shares and bringing its holdings to 213,482 shares valued at approximately $36.55 million.
• SAP shares opened at $199.41, with a market capitalization of about $245 billion; the stock has traded between $144.97 and $299.48 over the past year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $264.83, despite some recent downgrades and target-price reductions.

NewEdge Advisors LLC grew its position in SAP SE (NYSE:SAP - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,482 shares of the software maker's stock after purchasing an additional 20,024 shares during the period. NewEdge Advisors LLC's holdings in SAP were worth $36,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its holdings in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker's stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Bayban bought a new stake in shares of SAP in the fourth quarter worth about $28,000. Front Row Advisors LLC increased its holdings in shares of SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker's stock worth $32,000 after acquiring an additional 145 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker's stock worth $35,000 after purchasing an additional 129 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of SAP by 83.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker's stock worth $45,000 after purchasing an additional 67 shares during the period.

SAP Stock Up 1.1%

NYSE:SAP opened at $199.41 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $244.98 billion, a PE ratio of 25.05, a PEG ratio of 2.33 and a beta of 1.12. SAP SE has a 52-week low of $144.97 and a 52-week high of $299.48. The stock has a 50-day simple moving average of $167.55 and a 200 day simple moving average of $180.59.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen reiterated a "buy" rating on shares of SAP in a research report on Friday, July 24th. Santander upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a report on Friday, April 24th. Piper Sandler lowered shares of SAP from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 14th. Barclays reduced their price target on shares of SAP from $255.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, July 27th. Finally, Oppenheimer reissued a "market perform" rating on shares of SAP in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $264.83.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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