Skye Global Management LP Has $10.72 Million Stock Holdings in SAP SE (NYSE:SAP)

Skye Global Management LP increased its holdings in SAP SE (NYSE:SAP) by 197.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,800 shares of the software maker’s stock after purchasing an additional 31,050 shares during the quarter. SAP makes up 0.3% of Skye Global Management LP’s investment portfolio, making the stock its 23rd biggest holding. Skye Global Management LP’s holdings in SAP were worth $10,722,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. LRI Investments LLC acquired a new position in shares of SAP in the first quarter worth approximately $25,000. Godsey & Gibb Inc. bought a new stake in shares of SAP in the 3rd quarter valued at $25,000. POM Investment Strategies LLC increased its position 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 buying an additional 116 shares during the period. Crewe Advisors LLC raised its stake in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $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 second quarter valued at $40,000.

SAP Price Performance

Shares of NYSE SAP opened at $232.02 on Friday. The company has a market capitalization of $285.04 billion, a PE ratio of 92.81, a PEG ratio of 4.45 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $231.37 and its 200-day moving average price is $213.26. SAP SE has a twelve month low of $148.38 and a twelve month high of $243.01.

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

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. JMP Securities lifted 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. TD Cowen upped their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.