SAP SE $SAP Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in SAP SE by 14.8%, owning 59,496 shares valued at approximately $18.1 million as of the latest SEC filing.
• Several institutional investors made significant adjustments to their positions in SAP, with Brighton Jones LLC increasing its stake by 91.1% during the last quarter.
• Analysts are generally optimistic, with the average rating for SAP being "Buy", and Barclays and JMP Securities recently raising their price targets to $322 and $375, respectively.

Vanguard Personalized Indexing Management LLC lifted its stake in SAP SE (NYSE:SAP - Free Report) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,496 shares of the software maker's stock after acquiring an additional 7,663 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in SAP were worth $18,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SAP. Brighton Jones LLC lifted its stake in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in SAP by 5.1% during the first quarter. Farther Finance Advisors LLC now owns 2,909 shares of the software maker's stock valued at $786,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC lifted its stake in SAP by 16.7% during the first quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker's stock valued at $1,306,000 after purchasing an additional 698 shares during the last quarter. Fifth Third Bancorp lifted its stake in SAP by 1.5% during the first quarter. Fifth Third Bancorp now owns 16,419 shares of the software maker's stock valued at $4,408,000 after purchasing an additional 239 shares during the last quarter. Finally, Jackson Square Capital LLC acquired a new stake in SAP during the first quarter valued at approximately $1,004,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SAP. Barclays restated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. JMP Securities boosted their target price on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Piper Sandler began coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus target price of $281.67.

SAP Trading Down 3.7%

Shares of NYSE:SAP opened at $265.62 on Friday. The stock has a market capitalization of $326.32 billion, a PE ratio of 43.98, a P/E/G ratio of 3.94 and a beta of 1.28. SAP SE has a 1 year low of $225.67 and a 1 year high of $313.28. The firm has a fifty day moving average price of $271.63 and a 200 day moving average price of $282.39. 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 quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

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.

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