WINTON GROUP Ltd lifted its position in SAP SE (NYSE:SAP – Free Report) by 45.1% during the 2nd quarter, Holdings Channel reports. The firm owned 11,780 shares of the software maker’s stock after buying an additional 3,660 shares during the quarter. WINTON GROUP Ltd’s holdings in SAP were worth $1,815,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Windacre Partnership LLC grew its stake in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after buying an additional 1,336,325 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of SAP in the 1st quarter worth approximately $150,701,000. Sustainable Growth Advisers LP grew its position in SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after acquiring an additional 773,720 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its holdings in SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after purchasing an additional 703,982 shares in the last quarter.
SAP Stock Up 0.2%
NYSE:SAP opened at $206.39 on Friday. The company has a market cap of $253.55 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average price is $191.36 and its two-hundred day moving average price is $180.86. SAP SE has a 52-week low of $144.97 and a 52-week high of $281.36.
Wall Street Analysts Forecast Growth
SAP has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, August 21st. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Argus set a $265.00 price target on SAP in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price target on shares of SAP in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.67.
Get Our Latest Analysis on SAP
SAP Company Profile
SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.
SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.
SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.
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