Saturna Capital Corp boosted its position in shares of SAP SE (NYSE:SAP – Free Report) by 22.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 27,073 shares of the software maker’s stock after purchasing an additional 4,952 shares during the quarter. Saturna Capital Corp’s holdings in SAP were worth $4,635,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in shares of SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after buying an additional 179,550 shares during the period. Bank of America Corp DE lifted its stake in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC boosted its holdings in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the last quarter. Northern Trust Corp boosted its holdings in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after purchasing an additional 83,349 shares during the period.
SAP Trading Down 2.4%
NYSE:SAP opened at $154.54 on Wednesday. SAP SE has a fifty-two week low of $148.06 and a fifty-two week high of $307.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $189.86 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. The business’s 50-day simple moving average is $166.38 and its 200-day simple moving average is $185.91.
Wall Street Analyst Weigh In
SAP has been the subject of several recent research reports. Barclays dropped their price objective on SAP from $257.00 to $255.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler downgraded shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price objective on shares of SAP in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and an average target price of $270.83.
Check Out Our Latest Stock Report on SAP
About SAP
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.
Featured Stories
- Five stocks we like better than SAP
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP – Free Report).
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.
