Creative Planning Raises Stock Holdings in SAP SE (NYSE:SAP)

Creative Planning grew its stake in SAP SE (NYSE:SAP - Free Report) by 18.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,434 shares of the software maker's stock after acquiring an additional 14,546 shares during the quarter. Creative Planning's holdings in SAP were worth $21,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Westfield Capital Management Co. LP purchased a new stake in shares of SAP in the first quarter valued at $58,936,000. Marshall Wace LLP purchased a new stake in shares of SAP in the second quarter valued at $21,479,000. Hantz Financial Services Inc. purchased a new stake in shares of SAP in the second quarter valued at $20,532,000. GQG Partners LLC acquired a new position in SAP in the first quarter valued at $14,940,000. Finally, Sustainable Growth Advisers LP increased its stake in SAP by 130.0% in the first quarter. Sustainable Growth Advisers LP now owns 116,571 shares of the software maker's stock valued at $22,735,000 after purchasing an additional 65,893 shares during the last quarter.

SAP Price Performance

SAP stock opened at $230.44 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 1 year low of $130.08 and a 1 year high of $232.23. The firm has a market cap of $283.10 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25. The stock has a 50-day simple moving average of $221.38 and a 200-day simple moving average of $203.50.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts predict that SAP SE will post 4.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SAP shares. BMO Capital Markets lowered SAP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. TD Cowen upped their target price on SAP from $188.00 to $214.00 and gave the company a "hold" rating in a research note on Tuesday, July 23rd. JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 23rd. Barclays upped their price target on SAP from $251.00 to $252.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Finally, Argus upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, SAP presently has an average rating of "Moderate Buy" and an average price target of $232.17.

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.