SAP SE $SAP Shares Purchased by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its holdings in SAP SE by 1,201.1% in Q2, owning 40,164 shares valued at $12,214,000.
• Several other hedge funds also significantly boosted their positions in SAP, with GAMMA Investing LLC growing its stake by an astonishing 31,239.5%.
• SAP reported a quarterly EPS of $1.70, exceeding forecasts and reflecting an 8.9% year-over-year revenue growth to $10.58 billion.

Dakota Wealth Management lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 1,201.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,164 shares of the software maker's stock after acquiring an additional 37,077 shares during the period. Dakota Wealth Management's holdings in SAP were worth $12,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SAP. GAMMA Investing LLC grew its position in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after acquiring an additional 1,302,061 shares during the last quarter. Twin Tree Management LP grew its position in SAP by 122.5% in the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker's stock valued at $13,860,000 after buying an additional 280,896 shares during the last quarter. Main Street Research LLC purchased a new position in SAP in the 1st quarter valued at $32,151,000. Deutsche Bank AG grew its position in SAP by 2,105.3% in the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker's stock valued at $28,256,000 after buying an additional 100,487 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after buying an additional 80,164 shares during the last quarter.

SAP Trading Up 1.3%

NYSE:SAP opened at $268.71 on Thursday. The company has a market capitalization of $330.11 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 3.82 and a beta of 1.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52-week low of $217.51 and a 52-week high of $313.28. The stock has a fifty day simple moving average of $277.35 and a 200-day simple moving average of $282.15.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business 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 business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. On average, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SAP shares. Morgan Stanley reissued an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Oddo Bhf raised SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday. Piper Sandler started coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of "Buy" and a consensus price target 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.

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