SAP SE (NYSE:SAP) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,868 shares of the software maker’s stock after purchasing an additional 316 shares during the quarter. Summit Trail Advisors LLC’s holdings in SAP were worth $657,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Godsey & Gibb Inc. acquired a new position in SAP in the 3rd quarter valued at about $25,000. LRI Investments LLC purchased a new stake in shares of SAP during the first quarter worth approximately $25,000. POM Investment Strategies LLC lifted its holdings in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC grew its position in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC acquired a new position in SAP in the 2nd quarter valued at $40,000.

SAP Stock Performance

Shares of SAP stock opened at $233.74 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $287.15 billion, a PE ratio of 93.50, a P/E/G ratio of 4.53 and a beta of 1.25. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The stock has a fifty day moving average price of $230.85 and a 200 day moving average price of $212.68.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 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 business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.