Short Interest in SAP SE (NYSE:SAP) Rises By 25.6%

SAP SE (NYSE:SAP - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,010,000 shares, a growth of 25.6% from the October 15th total of 1,600,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 826,900 shares, the short-interest ratio is currently 2.4 days.

Hedge Funds Weigh In On SAP

Several hedge funds and other institutional investors have recently bought and sold shares of SAP. Concurrent Investment Advisors LLC bought a new position in SAP during the first quarter worth $215,000. Avantax Advisory Services Inc. bought a new stake in SAP in the 1st quarter valued at about $270,000. Blair William & Co. IL acquired a new position in SAP during the 1st quarter worth approximately $247,000. Dorsey & Whitney Trust CO LLC boosted its holdings in SAP by 5.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,410 shares of the software maker's stock worth $2,030,000 after acquiring an additional 519 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in SAP by 17.8% in the first quarter. Tocqueville Asset Management L.P. now owns 2,760 shares of the software maker's stock valued at $538,000 after acquiring an additional 417 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAP. JMP Securities lifted their price target on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an "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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.33.

SAP Trading Down 1.5 %

SAP traded down $3.37 during midday trading on Friday, hitting $228.03. 524,216 shares of the company were exchanged, compared to its average volume of 802,707. The firm has a market capitalization of $280.14 billion, a P/E ratio of 91.46, a P/E/G ratio of 4.44 and a beta of 1.25. The firm's 50 day moving average price is $228.63 and its 200-day moving average price is $209.94. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 1-year low of $148.10 and a 1-year high of $243.01.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. As a group, equities analysts forecast that SAP will post 4.85 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.