SAP SE (NYSE:SAP) Position Boosted by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC lifted its stake in SAP SE (NYSE:SAP) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,570 shares of the software maker’s stock after purchasing an additional 968 shares during the quarter. SAP accounts for 1.5% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Hollow Brook Wealth Management LLC’s holdings in SAP were worth $4,942,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC increased its stake in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of SAP during the third quarter worth $40,573,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the last quarter. Marshall Wace LLP purchased a new position in SAP in the second quarter valued at about $21,479,000. Finally, Hantz Financial Services Inc. acquired a new position in SAP in the 2nd quarter worth about $20,532,000.

SAP Trading Up 0.7 %

Shares of SAP stock opened at $239.30 on Monday. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The company’s fifty day simple moving average is $231.55 and its 200-day simple moving average is $213.91. The company has a market cap of $293.98 billion, a price-to-earnings ratio of 95.04, a PEG ratio of 4.56 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that SAP SE will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAP. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

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.