SAP SE $SAP Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its holdings in SAP SE by 41.4% during the first quarter, owning 211,017 shares worth $56.65 million.
• Several other large investors also significantly increased their positions in SAP, with GAMMA Investing LLC raising its holdings by 31,239.5%, owning over 1.3 million shares.
• SAP reported a quarterly earnings per share (EPS) of $1.70, exceeding analysts' expectations, indicating strong revenue growth of 8.9% year-over-year.

1832 Asset Management L.P. grew its stake in SAP SE (NYSE:SAP - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,017 shares of the software maker's stock after purchasing an additional 61,831 shares during the quarter. 1832 Asset Management L.P.'s holdings in SAP were worth $56,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC raised its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Founders Capital Management grew its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after buying an additional 77 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of SAP in the 1st quarter valued at $45,000.

SAP Stock Performance

Shares of SAP traded up $5.39 during mid-day trading on Wednesday, hitting $275.25. 1,099,107 shares of the company's stock were exchanged, compared to its average volume of 1,363,760. SAP SE has a fifty-two week low of $210.38 and a fifty-two week high of $313.28. The firm has a market capitalization of $338.15 billion, a P/E ratio of 45.57, a P/E/G ratio of 3.89 and a beta of 1.27. The business's 50 day moving average is $291.42 and its two-hundred day moving average is $284.83. 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 posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating 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 period last year, the firm earned $1.10 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of several research analyst reports. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley restated an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Wells Fargo & Company initiated coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Finally, UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, SAP has an average rating of "Buy" and an average target price of $281.67.

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.