SBI Securities Co. Ltd. Grows Stock Position in SAP SE (NYSE:SAP)

SBI Securities Co. Ltd. boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 863.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,282 shares of the software maker's stock after buying an additional 6,526 shares during the quarter. SBI Securities Co. Ltd.'s holdings in SAP were worth $1,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. TD Asset Management Inc. increased its position in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares during the last quarter. Northern Trust Corp grew its stake in shares of SAP by 91.2% during the 4th 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 period. JPMorgan Chase & Co. grew its stake in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Bank of America Corp DE grew its stake in shares of SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after acquiring an additional 70,613 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SAP shares. Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. BMO Capital Markets boosted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating for the company. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $271.83.

SAP Price Performance

Shares of SAP traded up $4.48 during mid-day trading on Wednesday, hitting $306.06. 1,021,478 shares of the stock were exchanged, compared to its average volume of 1,097,628. The company has a market cap of $376.00 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 4.27 and a beta of 1.30. SAP SE has a 52-week low of $194.93 and a 52-week high of $313.28. The firm has a 50-day moving average of $299.28 and a two-hundred day moving average of $280.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, equities analysts predict that SAP SE will post 6.55 earnings per share for the current 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.