SRN Advisors LLC Has $937,000 Stake in SAP SE $SAP

Key Points

• SRN Advisors LLC decreased its stake in SAP SE by 39.8% in the first quarter, now holding 3,491 shares valued at approximately $937,000.
• Several other hedge funds increased their positions in SAP, with Bartlett & CO. Wealth Management boosting its stake by 585.7%, owning 96 shares worth $26,000.
• SAP reported a quarterly EPS of $1.70, exceeding expectations, alongside a revenue of $10.58 billion, marking an 8.9% year-over-year increase.

SRN Advisors LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 39.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,491 shares of the software maker's stock after selling 2,307 shares during the quarter. SRN Advisors LLC's holdings in SAP were worth $937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Street Partners LLC raised its stake in SAP by 1.0% during the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after purchasing an additional 35 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock worth $2,673,000 after acquiring an additional 35 shares during the period. Cordatus Wealth Management LLC grew its holdings in shares of SAP by 1.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after purchasing an additional 39 shares during the period. Finally, LCM Capital Management Inc raised its stake in shares of 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 purchasing an additional 39 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP traded down $6.16 during mid-day trading on Tuesday, hitting $266.01. 1,594,408 shares of the stock were exchanged, compared to its average volume of 1,361,573. SAP SE has a twelve month low of $210.38 and a twelve month high of $313.28. The stock's fifty day simple moving average is $290.14 and its two-hundred day simple moving average is $284.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $326.79 billion, a P/E ratio of 44.04, a PEG ratio of 3.91 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.10 EPS. SAP's revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAP shares. Wall Street Zen downgraded shares of SAP from a "buy" rating to a "hold" rating in a research note on Sunday. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Finally, JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $281.67.

SAP Company 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.