Sanibel Captiva Trust Company Inc. Buys 353 Shares of SAP SE (NYSE:SAP)

Sanibel Captiva Trust Company Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 22.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,918 shares of the software maker’s stock after acquiring an additional 353 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in SAP were worth $387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new position in shares of SAP during the 4th quarter worth approximately $492,000. Cetera Advisors LLC boosted its stake in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the period. BNP Paribas Financial Markets boosted its stake in SAP by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the period. Wealthspire Advisors LLC acquired a new position in SAP in the 1st quarter valued at $237,000. Finally, CWM LLC raised its holdings in SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SAP shares. JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Barclays boosted their price target on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein started coverage on SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price for the company. Finally, BMO Capital Markets upped their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 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 stock has a consensus rating of “Moderate Buy” and an average target price of $232.00.

SAP Trading Up 0.5 %

Shares of SAP stock traded up $1.13 on Wednesday, hitting $218.90. 164,030 shares of the company’s stock traded hands, compared to its average volume of 774,963. The company has a fifty day moving average of $202.91 and a two-hundred day moving average of $192.78. SAP SE has a one year low of $126.75 and a one year high of $220.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $258.21 billion, a price-to-earnings ratio of 47.24, a price-to-earnings-growth ratio of 4.20 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that SAP SE will post 4.75 earnings per share for the current 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.