JPMorgan Chase & Co. Grows Holdings in SAP SE (NYSE:SAP)

JPMorgan Chase & Co. grew its position in SAP SE (NYSE:SAP - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 548,469 shares of the software maker's stock after purchasing an additional 7,667 shares during the quarter. JPMorgan Chase & Co.'s holdings in SAP were worth $125,654,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in SAP during the 3rd quarter worth $25,000. Brooklyn Investment Group acquired a new position in shares of SAP during the 3rd quarter worth approximately $42,000. Prospera Private Wealth LLC bought a new position in shares of SAP during the third quarter worth approximately $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SAP in the third quarter valued at approximately $59,000. Finally, Anchor Investment Management LLC boosted its stake in shares of SAP by 448.0% in the third quarter. Anchor Investment Management LLC now owns 274 shares of the software maker's stock valued at $63,000 after buying an additional 224 shares during the period.

SAP Trading Down 1.3 %

SAP stock traded down $3.09 during trading on Thursday, hitting $243.12. The company had a trading volume of 839,189 shares, compared to its average volume of 810,319. The stock has a market cap of $298.67 billion, a PE ratio of 97.25, a PEG ratio of 4.94 and a beta of 1.23. The business has a 50-day moving average of $241.90 and a 200-day moving average of $223.29. 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 SE has a one year low of $148.38 and a one year high of $256.13.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the business earned $1.20 EPS. SAP's quarterly revenue was up 9.4% on a year-over-year basis. Research analysts predict that SAP SE will post 4.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on SAP shares. Barclays upped 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 price objective on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, SAP has an average rating of "Moderate Buy" and an average target price 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.