Park Avenue Securities LLC Has $7.99 Million Holdings in SAP SE $SAP

Key Points

• Park Avenue Securities LLC increased its stake in SAP SE by 13.3% during the second quarter, acquiring an additional 3,091 shares, bringing their total holdings to 26,262 shares, valued at approximately $7.99 million.
• Several institutional investors have recently adjusted their positions in SAP, with Goldman Sachs lifting its stake by 6.5%, now holding over 1.3 million shares worth about $354 million.
• Analyst ratings for SAP vary, with one analyst issuing a Strong Buy rating, and others providing a mix of Buy and Hold ratings; the stock has an average consensus rating of "Buy" and a target price of $281.67.

Park Avenue Securities LLC increased its position in SAP SE (NYSE:SAP - Free Report) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,262 shares of the software maker's stock after buying an additional 3,091 shares during the period. Park Avenue Securities LLC's holdings in SAP were worth $7,986,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in SAP during the second quarter valued at approximately $920,000. Modern Wealth Management LLC grew its holdings in SAP by 292.2% during the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 3,474 shares during the last quarter. Ascent Group LLC grew its holdings in SAP by 196.3% during the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock valued at $1,121,000 after purchasing an additional 2,766 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new position in SAP during the first quarter valued at approximately $13,869,000.

SAP Stock Down 0.7%

Shares of NYSE:SAP traded down $1.75 during trading on Monday, hitting $265.16. 1,548,113 shares of the company's stock traded hands, compared to its average volume of 1,972,102. SAP SE has a 52 week low of $217.51 and a 52 week high of $313.28. 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 company has a market cap of $325.75 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 3.83 and a beta of 1.29. The company has a 50-day moving average price of $278.82 and a 200-day moving average price of $282.36.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Morgan Stanley reissued an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Barclays restated 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. JMP Securities lifted their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. Finally, Piper Sandler started coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $281.67.

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.