Park Avenue Securities LLC Purchases 3,265 Shares of SAP SE (NYSE:SAP)

Park Avenue Securities LLC lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 16.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 23,171 shares of the software maker's stock after acquiring an additional 3,265 shares during the period. Park Avenue Securities LLC's holdings in SAP were worth $6,220,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SAP. GAMMA Investing LLC grew its holdings in shares of SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the last quarter. WCM Investment Management LLC acquired a new position in SAP in the fourth quarter valued at about $290,023,000. TD Asset Management Inc. grew its stake in SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after buying an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after buying an additional 798,037 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares during the last quarter.

SAP Trading Up 0.9%

NYSE SAP traded up $2.57 during trading on Thursday, reaching $301.78. 884,261 shares of the stock traded hands, compared to its average volume of 1,063,655. SAP SE has a fifty-two week low of $186.50 and a fifty-two week high of $311.40. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market cap of $370.74 billion, a price-to-earnings ratio of 105.15, a price-to-earnings-growth ratio of 4.71 and a beta of 1.32. The stock's 50-day moving average price is $284.38 and its 200 day moving average price is $271.37.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a $2.5423 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is currently 35.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on SAP shares. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. JMP Securities restated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. BMO Capital Markets increased their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Barclays reissued an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SAP has a consensus rating of "Buy" and an average target price of $271.83.

About SAP

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.