Dash Acquisitions Inc. Has $19.04 Million Position in SAP SE (NYSE:SAP)

Dash Acquisitions Inc. grew its holdings in SAP SE (NYSE:SAP - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,100 shares of the software maker's stock after purchasing an additional 2,175 shares during the period. SAP makes up about 4.6% of Dash Acquisitions Inc.'s portfolio, making the stock its 10th biggest position. Dash Acquisitions Inc.'s holdings in SAP were worth $19,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SAP. Westfield Capital Management Co. LP acquired a new stake in shares of SAP during the 1st quarter valued at $58,936,000. International Assets Investment Management LLC acquired a new stake in shares of SAP during the 3rd quarter valued at $40,573,000. Marshall Wace LLP acquired a new stake in shares of SAP during the 2nd quarter valued at $21,479,000. Hantz Financial Services Inc. acquired a new stake in shares of SAP during the 2nd quarter valued at $20,532,000. Finally, GQG Partners LLC acquired a new stake in shares of SAP during the 1st quarter valued at $14,940,000.

Wall Street Analysts Forecast Growth

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

SAP Trading Down 0.2 %

Shares of SAP stock traded down $0.53 during mid-day trading on Friday, hitting $233.11. The company's stock had a trading volume of 745,743 shares, compared to its average volume of 951,829. The company's fifty day simple moving average is $225.51 and its 200-day simple moving average is $206.87. SAP SE has a 52 week low of $137.77 and a 52 week high of $243.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $286.38 billion, a PE ratio of 93.24, a P/E/G ratio of 4.47 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share 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 business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the business posted $1.20 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that SAP SE will post 4.9 earnings per share for the current fiscal 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.