Principal Financial Group Inc. Buys 4,775 Shares of SAP SE (NYSE:SAP)

Principal Financial Group Inc. increased its position in SAP SE (NYSE:SAP - Free Report) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 611,572 shares of the software maker's stock after acquiring an additional 4,775 shares during the quarter. Principal Financial Group Inc.'s holdings in SAP were worth $140,111,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its holdings in shares of SAP by 11.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 1,149 shares of the software maker's stock worth $232,000 after purchasing an additional 114 shares during the period. LRI Investments LLC increased its stake in SAP by 68.3% in the 2nd quarter. LRI Investments LLC now owns 212 shares of the software maker's stock worth $43,000 after acquiring an additional 86 shares during the last quarter. Optas LLC raised its holdings in shares of SAP by 14.6% in the 2nd quarter. Optas LLC now owns 2,684 shares of the software maker's stock valued at $541,000 after acquiring an additional 341 shares in the last quarter. Calamos Wealth Management LLC boosted its position in shares of SAP by 8.6% during the 2nd quarter. Calamos Wealth Management LLC now owns 19,102 shares of the software maker's stock valued at $3,853,000 after acquiring an additional 1,506 shares during the last quarter. Finally, POM Investment Strategies LLC grew its holdings in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock worth $26,000 after purchasing an additional 116 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SAP. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Barclays increased their price objective on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. TD Cowen upped their target price 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 lifted their price target on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.33.

SAP Trading Up 0.9 %

Shares of NYSE SAP traded up $2.21 during mid-day trading on Friday, hitting $247.90. The stock had a trading volume of 1,647,331 shares, compared to its average volume of 810,151. The business has a 50 day moving average price of $238.81 and a two-hundred day moving average price of $219.74. SAP SE has a 1 year low of $148.38 and a 1 year high of $256.13. 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 firm has a market cap of $304.55 billion, a P/E ratio of 99.16, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last announced 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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 4.8 EPS for the current fiscal year.

About SAP

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.