1832 Asset Management L.P. Buys 37,077 Shares of SAP SE (NYSE:SAP)

1832 Asset Management L.P. lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 660.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,688 shares of the software maker's stock after buying an additional 37,077 shares during the period. 1832 Asset Management L.P.'s holdings in SAP were worth $8,611,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SAP. Corient Private Wealth LLC boosted its stake in shares of SAP by 7.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,625 shares of the software maker's stock worth $3,343,000 after buying an additional 1,551 shares during the last quarter. Commerce Bank lifted its stake in shares of SAP by 8.6% in the 4th quarter. Commerce Bank now owns 5,495 shares of the software maker's stock worth $849,000 after purchasing an additional 436 shares during the period. Congress Wealth Management LLC DE purchased a new position in shares of SAP in the fourth quarter worth approximately $217,000. Stifel Financial Corp boosted its holdings in shares of SAP by 4.8% in the fourth quarter. Stifel Financial Corp now owns 202,585 shares of the software maker's stock worth $31,318,000 after buying an additional 9,209 shares during the last quarter. Finally, Phillips Wealth Planners LLC bought a new stake in SAP during the fourth quarter valued at approximately $221,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAP. BMO Capital Markets lifted their price target on shares of SAP from $237.00 to $248.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. JMP Securities boosted their price target on SAP from $220.00 to $245.00 and gave the company a "market outperform" rating in a report on Tuesday, July 23rd. Argus upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on SAP from $217.00 to $251.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Finally, TD Cowen increased their target price on shares of SAP from $188.00 to $214.00 and gave the stock a "hold" rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $232.00.

SAP Price Performance

NYSE SAP traded down $7.61 on Wednesday, reaching $223.32. The company had a trading volume of 1,305,191 shares, compared to its average volume of 784,055. The firm's 50 day moving average price is $213.81 and its 200 day moving average price is $199.23. SAP SE has a 12 month low of $126.75 and a 12 month high of $231.13. The stock has a market capitalization of $274.35 billion, a PE ratio of 48.44, a price-to-earnings-growth ratio of 4.43 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, equities analysts predict that SAP SE will post 4.77 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.