Townsquare Capital LLC raised its stake in SAP SE (NYSE:SAP - Free Report) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,942 shares of the software maker's stock after acquiring an additional 2,667 shares during the quarter. Townsquare Capital LLC's holdings in SAP were worth $14,878,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in SAP during the 3rd quarter worth approximately $42,000. Quantbot Technologies LP increased its holdings in shares of SAP by 248.5% during the third quarter. Quantbot Technologies LP now owns 4,959 shares of the software maker's stock worth $1,136,000 after buying an additional 3,536 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of SAP in the 3rd quarter valued at $296,000. FMR LLC boosted its holdings in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of SAP by 6.8% during the 3rd quarter. Bank of Montreal Can now owns 176,571 shares of the software maker's stock valued at $40,258,000 after acquiring an additional 11,188 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have commented on SAP shares. Barclays increased their target price on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 22nd. TD Cowen upped their price target 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. Finally, BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of "Moderate Buy" and an average target price of $252.33.
Read Our Latest Stock Report on SAP
SAP Stock Performance
Shares of SAP stock opened at $234.98 on Wednesday. The business's 50 day simple moving average is $231.11 and its 200 day simple moving average is $213.00. SAP SE has a one year low of $148.38 and a one year high of $243.01. The stock has a market capitalization of $288.67 billion, a PE ratio of 93.99, a PEG ratio of 4.49 and a beta of 1.25. 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 (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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. As a group, research analysts forecast that SAP SE will post 4.89 earnings per share for the current year.
SAP Profile
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Free Report)
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.
Further Reading
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