Accuvest Global Advisors Purchases Shares of 2,345 SAP SE $SAP

Accuvest Global Advisors purchased a new stake in SAP SE (NYSE:SAP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,345 shares of the software maker’s stock, valued at approximately $713,000.

A number of other large investors also recently bought and sold shares of SAP. Twin Tree Management LP lifted its holdings in SAP by 122.5% in the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after acquiring an additional 280,896 shares during the period. Jennison Associates LLC lifted its holdings in SAP by 195.0% in the second quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock valued at $67,312,000 after acquiring an additional 146,325 shares during the period. Main Street Research LLC acquired a new position in SAP in the first quarter valued at approximately $32,151,000. Deutsche Bank AG lifted its holdings in SAP by 2,105.3% in the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after acquiring an additional 100,487 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after acquiring an additional 80,164 shares during the period.

SAP Trading Up 0.4%

Shares of SAP stock opened at $260.14 on Friday. The stock has a 50 day simple moving average of $268.59 and a 200-day simple moving average of $283.82. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. The company has a market cap of $319.59 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 3.83 and a beta of 1.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company earned $1.23 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets reduced their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently 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.