Bridgewater Advisors Inc. Has $1.45 Million Holdings in SAP SE $SAP

Bridgewater Advisors Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,044 shares of the software maker’s stock after purchasing an additional 373 shares during the period. Bridgewater Advisors Inc.’s holdings in SAP were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. raised its position in shares of SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock valued at $338,000 after acquiring an additional 34 shares during the period. Independent Advisor Alliance raised its position in shares of SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock valued at $2,673,000 after acquiring an additional 35 shares during the period. Cordatus Wealth Management LLC raised its position in shares of SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock valued at $889,000 after acquiring an additional 37 shares during the period. Sage Rhino Capital LLC raised its position in shares of SAP by 1.1% in the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after acquiring an additional 37 shares during the period. Finally, LCM Capital Management Inc raised its position in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock valued at $557,000 after acquiring an additional 39 shares during the period.

SAP Trading Up 0.4%

Shares of SAP stock opened at $260.14 on Monday. The business has a fifty day simple moving average of $268.59 and a two-hundred day simple moving average of $283.98. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The company has a market capitalization of $319.59 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 3.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (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 business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of analyst reports. Barclays increased their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. JMP Securities reissued a “market outperform” rating and set a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Argus reissued a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SAP presently has a consensus rating of “Buy” and an average price target of $284.33.

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.