Brooklyn Investment Group Takes Position in SAP SE (NYSE:SAP)

Brooklyn Investment Group purchased a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 184 shares of the software maker’s stock, valued at approximately $42,000.

Several other hedge funds have also made changes to their positions in the company. Cetera Advisors LLC raised its position in SAP by 113.3% in the first 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. Creative Planning grew its stake in shares of SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in SAP during the 3rd quarter worth about $3,780,000. Finally, Dash Acquisitions Inc. boosted its holdings in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after acquiring an additional 2,175 shares during the period.

SAP Stock Up 2.4 %

SAP stock opened at $237.55 on Friday. The company’s 50 day moving average price is $231.55 and its 200 day moving average price is $213.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a fifty-two week low of $148.38 and a fifty-two week high of $243.01. The firm has a market capitalization of $291.83 billion, a price-to-earnings ratio of 95.02, a PEG ratio of 4.45 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that SAP SE will post 4.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on SAP shares. JMP Securities boosted their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen boosted their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note 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 stock. Based on data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average price target 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.