Sanctuary Advisors LLC buys a new position in SAP SE (NYSE:SAP)

Sanctuary Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,277 shares of the software maker’s stock, valued at approximately $9,361,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAP. Cetera Advisors LLC raised its stake in SAP by 113.3% in the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets raised its stake in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after acquiring an additional 4,596 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of SAP in the first quarter valued at about $237,000. CWM LLC boosted its holdings in shares of SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after buying an additional 240 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of SAP by 4.2% in the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after buying an additional 6,785 shares in the last quarter.

Analyst upgrades and downgrades

Several analysts have commented on SAP shares. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. TD Cowen lifted their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their price objective on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays raised their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

See the latest stock report on SAP

SAP Price Performance

Shares of NYSE SAP opened at $220.46 on Friday. The company’s fifty day moving average is $216.80 and its two hundred day moving average is $200.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12, and a current ratio of 1.12. The firm has a market cap of $270.84 billion, a P/E ratio of 47.82, a PEG ratio of 4.38 and a beta of 1.25. SAP SE has a one year low of $127.30 and a one year high of $231.13.

SAP (NYSE:SAP – Get Your Free Report ) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. In the same quarter last year, the company earned $0.71 per share. The company’s revenue increased by 9.7% year-on-year. Analysts forecast that SAP SE will post 4.78 EPS for the current fiscal year.

SAP profile

(Free Report)

SAP SE, together with its subsidiaries, provides applications, technology and services worldwide. 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 expense management solutions covering direct and indirect expenses, travel and expenses, and external workforce management.

See Also

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