Ballentine Partners LLC Buys 914 Shares of SAP SE (NYSE:SAP)

Ballentine Partners LLC raised its position in SAP SE (NYSE:SAP) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,403 shares of the software maker’s stock after acquiring an additional 914 shares during the period. Ballentine Partners LLC’s holdings in SAP were worth $1,467,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in SAP in the third quarter worth $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC grew its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP during the first quarter valued at $29,000.

SAP Stock Down 0.2 %

Shares of NYSE SAP opened at $237.72 on Friday. SAP SE has a 1 year low of $130.63 and a 1 year high of $240.08. The firm’s 50-day moving average is $223.18 and its 200-day moving average is $204.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $292.04 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.39% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. SAP’s revenue was up 9.4% on a year-over-year basis. Equities analysts expect that SAP SE will post 4.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on SAP shares. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, SAP 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.