Optas LLC Grows Position in SAP SE (NYSE:SAP)

Optas LLC boosted its holdings in SAP SE (NYSE:SAP) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,122 shares of the software maker’s stock after purchasing an additional 438 shares during the period. Optas LLC’s holdings in SAP were worth $715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its holdings in SAP by 113.3% in the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets raised its stake in SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after buying an additional 4,596 shares during the last quarter. Creative Planning boosted its holdings in shares of SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after buying an additional 14,546 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in SAP in the third quarter worth about $3,780,000. Finally, Wealthspire Advisors LLC purchased a new position in SAP during the first quarter valued at approximately $237,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen raised their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Trading Down 0.2 %

SAP stock opened at $233.11 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $137.77 and a fifty-two week high of $243.01. The stock has a market capitalization of $286.38 billion, a price-to-earnings ratio of 93.24, a P/E/G ratio of 4.47 and a beta of 1.25. The business has a fifty day moving average price of $225.51 and a 200 day moving average price of $206.87.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. Analysts expect that SAP SE will post 4.9 EPS for the current fiscal year.

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.