SAP SE (NYSE:SAP) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC increased its position in shares of SAP SE (NYSE:SAP) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,999 shares of the software maker’s stock after acquiring an additional 389 shares during the period. Portside Wealth Group LLC’s holdings in SAP were worth $1,833,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of SAP by 254.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of SAP during the 1st quarter worth $237,000. Susquehanna International Group Ltd. acquired a new position in shares of SAP in the 1st quarter worth $949,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of SAP during the first quarter worth $1,384,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAP. TD Cowen increased their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Up 3.8 %

SAP stock opened at $240.19 on Friday. The company has a 50 day moving average of $226.49 and a two-hundred day moving average of $208.02. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12-month low of $141.71 and a 12-month high of $243.01. The company has a market cap of $295.07 billion, a price-to-earnings ratio of 96.08, a PEG ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. SAP’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 4.9 earnings per share for the current fiscal year.

SAP Profile

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.