Harvest Fund Management Co. Ltd Has $2.15 Million Holdings in SAP SE (NYSE:SAP)

Harvest Fund Management Co. Ltd lifted its stake in SAP SE (NYSE:SAP) by 98.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,368 shares of the software maker’s stock after acquiring an additional 4,655 shares during the period. Harvest Fund Management Co. Ltd’s holdings in SAP were worth $2,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Hawaii grew its position in SAP by 2.0% in the 3rd quarter. Bank of Hawaii now owns 3,322 shares of the software maker’s stock worth $761,000 after purchasing an additional 66 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in shares of SAP by 12.4% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,868 shares of the software maker’s stock worth $657,000 after purchasing an additional 316 shares in the last quarter. Cerity Partners LLC increased its position in shares of SAP by 40.7% during the third quarter. Cerity Partners LLC now owns 66,296 shares of the software maker’s stock valued at $15,188,000 after purchasing an additional 19,172 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of SAP by 10.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,640 shares of the software maker’s stock valued at $376,000 after purchasing an additional 152 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in SAP by 10.9% in the third quarter. Eagle Asset Management Inc. now owns 6,566 shares of the software maker’s stock worth $1,560,000 after purchasing an additional 648 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent research reports. Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Up 0.1 %

SAP opened at $236.25 on Monday. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The firm has a 50-day moving average price of $230.65 and a two-hundred day moving average price of $212.39. The stock has a market capitalization of $290.23 billion, a PE ratio of 94.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. As a group, equities analysts anticipate that SAP SE will post 4.89 earnings per share for the current fiscal year.

About SAP

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.