Deutsche Bank AG Grows Position in SAP SE (NYSE:SAP)

Deutsche Bank AG grew its stake in SAP SE (NYSE:SAP - Free Report) by 2,105.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,260 shares of the software maker's stock after acquiring an additional 100,487 shares during the quarter. Deutsche Bank AG's holdings in SAP were worth $28,256,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Principal Street Partners LLC lifted its holdings in SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after acquiring an additional 35 shares during the period. Cordatus Wealth Management LLC lifted its holdings in SAP by 1.1% in the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock valued at $889,000 after acquiring an additional 37 shares during the period. Alaethes Wealth LLC lifted its holdings in SAP by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after acquiring an additional 39 shares during the period. LCM Capital Management Inc lifted its holdings in SAP by 1.9% in the first quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock valued at $557,000 after acquiring an additional 39 shares during the period. Finally, Bingham Private Wealth LLC lifted its holdings in SAP by 4.1% in the first quarter. Bingham Private Wealth LLC now owns 1,017 shares of the software maker's stock valued at $273,000 after acquiring an additional 40 shares during the period.

Analyst Ratings Changes

SAP has been the topic of a number of recent research reports. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. BMO Capital Markets raised their price objective on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. JMP Securities raised their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $281.67.

SAP Price Performance

SAP traded down $1.19 on Friday, hitting $277.72. 1,292,621 shares of the company's stock traded hands, compared to its average volume of 1,357,815. The company's 50 day simple moving average is $295.84 and its 200-day simple moving average is $285.09. The firm has a market cap of $341.18 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 4.01 and a beta of 1.27. SAP SE has a one year low of $210.38 and a one year 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.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. As a group, research analysts anticipate that SAP SE will post 6.55 EPS for the current 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.