Quantinno Capital Management LP lifted its holdings in SAP SE (NYSE:SAP – Free Report) by 9.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 143,889 shares of the software maker’s stock after purchasing an additional 12,361 shares during the quarter. Quantinno Capital Management LP’s holdings in SAP were worth $24,635,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SAP. Binnacle Investments Inc boosted its position in SAP by 14.2% during the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after purchasing an additional 42 shares in the last quarter. Spire Wealth Management increased its position in shares of SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after buying an additional 43 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after buying an additional 43 shares during the period. Euro Pacific Asset Management LLC raised its stake in shares of SAP by 5.7% during the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after buying an additional 47 shares during the period. Finally, Modera Wealth Management LLC lifted its position in shares of SAP by 1.2% during the 4th quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock valued at $950,000 after buying an additional 48 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on SAP shares. Oppenheimer reissued a “market perform” rating on shares of SAP in a research note on Friday, July 24th. BMO Capital Markets increased their price objective on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Jefferies Financial Group lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Barclays cut their target price on shares of SAP from $255.00 to $242.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Finally, HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.83.
SAP Stock Up 1.7%
Shares of SAP opened at $183.92 on Friday. The stock has a 50 day moving average price of $165.92 and a 200 day moving average price of $182.28. SAP SE has a one year low of $144.97 and a one year high of $299.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market capitalization of $225.94 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.14 and a beta of 1.14.
SAP Company Profile
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.
SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.
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