SAP SE (SAP) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in SAP SE (NYSE:SAP) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,094 shares of the software maker’s stock after buying an additional 17,811 shares during the period. Aperio Group LLC’s holdings in SAP SE were worth $32,796,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of SAP SE in the second quarter worth $132,000. IFP Advisors Inc increased its stake in shares of SAP SE by 29.4% in the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after buying an additional 331 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of SAP SE in the second quarter worth $157,000. Finally, Huntington National Bank increased its stake in shares of SAP SE by 1.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.
SAP has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 18th. Stifel Nicolaus restated a “sell” rating and issued a $75.00 price target on shares of SAP SE in a research note on Thursday, October 12th. Berenberg Bank initiated coverage on shares of SAP SE in a research note on Wednesday, August 23rd. They issued a “buy” rating for the company. BMO Capital Markets initiated coverage on shares of SAP SE in a research note on Friday, October 20th. They issued a “market perform” rating and a $115.00 price target for the company. They noted that the move was a valuation call. Finally, Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. SAP SE has an average rating of “Buy” and a consensus price target of $101.33.
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Shares of SAP SE (NYSE SAP) traded up 0.66% during trading on Friday, hitting $114.15. 582,321 shares of the stock traded hands. The firm’s 50-day moving average price is $110.52 and its 200-day moving average price is $105.85. The company has a market cap of $136.85 billion, a price-to-earnings ratio of 33.10 and a beta of 1.10. SAP SE has a 52 week low of $80.93 and a 52 week high of $114.41.
SAP SE (NYSE:SAP) last announced its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that SAP SE will post $4.82 earnings per share for the current year.
SAP SE announced that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that allows the company to repurchase shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
SAP SE Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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