SAP SE (NYSE:SAP) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA raised its stake in SAP SE (NYSE:SAP) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,347 shares of the software maker’s stock after buying an additional 10,750 shares during the quarter. Capital International Inc. CA’s holdings in SAP were worth $13,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its holdings in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares during the period. Envestnet Asset Management Inc. boosted its stake in SAP by 2.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the period. Principal Financial Group Inc. increased its position in shares of SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of SAP by 8.3% in the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock valued at $62,566,000 after acquiring an additional 31,135 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of SAP in the 1st quarter worth approximately $58,936,000.

SAP Stock Up 1.3 %

NYSE SAP traded up $2.75 on Friday, hitting $213.56. 688,279 shares of the stock were exchanged, compared to its average volume of 780,810. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $214.94. The company has a 50-day moving average price of $196.57 and a 200-day moving average price of $187.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The company has a market cap of $251.91 billion, a PE ratio of 46.33, a PEG ratio of 4.24 and a beta of 1.25.

SAP (NYSE:SAP) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.87%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that SAP SE will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAP. TD Cowen boosted their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday. BMO Capital Markets boosted their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday. Sanford C. Bernstein began coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Barclays lowered their price objective on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $225.17.

SAP 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.