Fmr LLC Buys 1,866,468 Shares of SAP SE (NYSE:SAP)

FMR LLC increased its stake in SAP SE (NYSE:SAP - Free Report) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,246,279 shares of the software maker's stock after purchasing an additional 1,866,468 shares during the period. FMR LLC owned approximately 0.83% of SAP worth $2,347,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of Montreal Can raised its position in shares of SAP by 6.8% during the 3rd quarter. Bank of Montreal Can now owns 176,571 shares of the software maker's stock valued at $40,258,000 after buying an additional 11,188 shares in the last quarter. DRW Securities LLC lifted its stake in SAP by 737.8% during the third quarter. DRW Securities LLC now owns 8,428 shares of the software maker's stock worth $1,931,000 after purchasing an additional 7,422 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of SAP by 98.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 9,368 shares of the software maker's stock worth $2,147,000 after purchasing an additional 4,655 shares in the last quarter. Bank of Hawaii increased its position in shares of SAP by 2.0% during the 3rd quarter. Bank of Hawaii now owns 3,322 shares of the software maker's stock valued at $761,000 after purchasing an additional 66 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of SAP by 12.4% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,868 shares of the software maker's stock valued at $657,000 after buying an additional 316 shares in the last quarter.

Analysts Set New Price Targets

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

SAP Trading Up 0.4 %

NYSE SAP traded up $0.98 on Tuesday, hitting $234.79. The company's stock had a trading volume of 600,574 shares, compared to its average volume of 800,082. The company's 50-day simple moving average is $230.85 and its 200 day simple moving average is $212.68. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01. The firm has a market cap of $288.44 billion, a P/E ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm's revenue was up 9.4% on a year-over-year basis. Research analysts predict that SAP SE will post 4.89 EPS for the current fiscal year.

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.