Freestone Capital Holdings LLC boosted its holdings in SAP SE (NYSE:SAP) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,085 shares of the software maker’s stock after acquiring an additional 1,708 shares during the period. Freestone Capital Holdings LLC’s holdings in SAP were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. F3Logic LLC purchased a new position in SAP in the 2nd quarter valued at about $265,000. Mondrian Capital Management LLC purchased a new position in SAP in the second quarter valued at approximately $4,583,000. Next Capital Management LLC purchased a new position in SAP in the second quarter valued at approximately $26,000. Envestnet Asset Management Inc. raised its holdings in SAP by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 575,540 shares of the software maker’s stock valued at $78,734,000 after buying an additional 24,546 shares during the period. Finally, Voit & Company LLC raised its holdings in SAP by 42.2% in the second quarter. Voit & Company LLC now owns 19,605 shares of the software maker’s stock valued at $2,682,000 after buying an additional 5,820 shares during the period. 4.96% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on SAP shares. Deutsche Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada raised shares of SAP from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $133.00 to $167.00 in a research report on Monday, April 29th. Jefferies Financial Group began coverage on shares of SAP in a research report on Monday, July 22nd. They issued a “buy” rating for the company. ValuEngine downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $125.63.
SAP traded down $1.09 during trading on Tuesday, reaching $118.61. The company had a trading volume of 5,451 shares, compared to its average volume of 660,401. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. SAP SE has a 12-month low of $94.81 and a 12-month high of $140.62. The firm’s 50-day simple moving average is $127.55 and its 200 day simple moving average is $120.46. The company has a market cap of $146.17 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.64 and a beta of 1.08.
SAP (NYSE:SAP) last released its earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. SAP had a return on equity of 15.39% and a net margin of 11.95%. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that SAP SE will post 4.28 EPS for the current year.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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