Haven Private LLC Buys Shares of 709 SAP SE $SAP

Haven Private LLC bought a new stake in shares of SAP SE (NYSE:SAP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 709 shares of the software maker’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Earned Wealth Advisors LLC boosted its stake in shares of SAP by 9.4% in the 2nd quarter. Earned Wealth Advisors LLC now owns 860 shares of the software maker’s stock worth $262,000 after buying an additional 74 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of SAP by 31.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 3,788 shares of the software maker’s stock worth $1,152,000 after buying an additional 914 shares during the last quarter. AdvisorShares Investments LLC boosted its stake in shares of SAP by 20.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 5,161 shares of the software maker’s stock worth $1,569,000 after buying an additional 875 shares during the last quarter. Keybank National Association OH boosted its stake in shares of SAP by 1.8% in the 2nd quarter. Keybank National Association OH now owns 14,076 shares of the software maker’s stock worth $4,281,000 after buying an additional 246 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of SAP by 116.9% in the 2nd quarter. Spire Wealth Management now owns 3,449 shares of the software maker’s stock worth $1,049,000 after buying an additional 1,859 shares during the last quarter.

SAP Price Performance

NYSE:SAP opened at $260.14 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $268.59 and its two-hundred day simple moving average is $283.67. The stock has a market cap of $319.59 billion, a PE ratio of 38.94, a P/E/G ratio of 3.83 and a beta of 1.28. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. As a group, analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research note on Thursday, October 23rd. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. KeyCorp reiterated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Argus reiterated a “buy” rating and set a $320.00 target price on shares of SAP in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $284.33.

About SAP

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.