DRW Securities LLC Boosts Position in SAP SE (NYSE:SAP)

DRW Securities LLC increased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 737.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,428 shares of the software maker's stock after purchasing an additional 7,422 shares during the period. DRW Securities LLC's holdings in SAP were worth $1,931,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker's stock worth $127,473,000 after purchasing an additional 22,438 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after acquiring an additional 4,775 shares during the last quarter. NewEdge Advisors LLC lifted its position in SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker's stock valued at $39,934,000 after acquiring an additional 15,604 shares in the last quarter. International Assets Investment Management LLC acquired a new position in SAP during the 3rd quarter valued at about $40,573,000. Finally, Sei Investments Co. raised its stake in shares of SAP by 4.2% in the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker's stock worth $33,941,000 after purchasing an additional 6,785 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on SAP. Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a report on Tuesday, October 22nd. TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $252.33.

SAP Stock Performance

Shares of SAP stock traded down $2.44 on Monday, reaching $233.81. 616,154 shares of the company traded hands, compared to its average volume of 801,141. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $287.24 billion, a PE ratio of 94.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a 50 day moving average of $230.65 and a 200 day moving average of $212.39. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Equities analysts forecast that SAP SE will post 4.89 earnings per share for the current year.

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.