International Assets Investment Management LLC Buys Shares of 177,096 SAP SE (NYSE:SAP)

International Assets Investment Management LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 177,096 shares of the software maker's stock, valued at approximately $40,573,000.

A number of other hedge funds have also bought and sold shares of SAP. Cetera Advisors LLC lifted its position in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker's stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker's stock worth $5,141,000 after acquiring an additional 4,596 shares during the last quarter. Creative Planning boosted its stake in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after acquiring an additional 14,546 shares during the period. Wealthspire Advisors LLC bought a new position in shares of SAP during the first quarter valued at approximately $237,000. Finally, CWM LLC raised its position in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker's stock worth $578,000 after purchasing an additional 240 shares during the period.

Analysts Set New Price Targets

SAP has been the subject of a number of recent research reports. Barclays upped their price objective on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. 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 report on Tuesday, October 22nd. TD Cowen increased their price target on 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 raised their price objective on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.33.

SAP Trading Up 1.1 %

NYSE SAP traded up $2.64 on Monday, hitting $240.33. 874,570 shares of the company were exchanged, compared to its average volume of 796,867. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a twelve month low of $132.33 and a twelve month high of $240.99. The firm has a market capitalization of $295.25 billion, a P/E ratio of 95.08, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25. The company's 50 day moving average price is $223.61 and its 200-day moving average price is $205.09.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Analysts predict that SAP SE will post 4.9 earnings per share for the current fiscal year.

SAP Company 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.