TD Asset Management Inc. lifted its position in SAP SE (NYSE:SAP) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,830 shares of the software maker’s stock after purchasing an additional 5,345 shares during the quarter. TD Asset Management Inc.’s holdings in SAP were worth $7,986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SAP. FMR LLC increased its holdings in shares of SAP by 6,475.0% in the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after purchasing an additional 390,380 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of SAP in the third quarter worth about $33,601,000. Sustainable Growth Advisers LP increased its holdings in shares of SAP by 8.9% in the second quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after purchasing an additional 210,664 shares during the last quarter. Harding Loevner LP increased its holdings in shares of SAP by 3.3% in the second quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker’s stock worth $597,911,000 after purchasing an additional 180,613 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in SAP by 2.1% during the third quarter. Fisher Asset Management LLC now owns 6,599,155 shares of the software maker’s stock worth $723,597,000 after acquiring an additional 136,874 shares during the last quarter. 3.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SAP SE (NYSE SAP) traded down $1.57 during midday trading on Monday, hitting $111.78. The company had a trading volume of 660,700 shares, compared to its average volume of 706,903. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $137,377.63, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.13. SAP SE has a 12-month low of $81.30 and a 12-month high of $116.90.

SAP (NYSE:SAP) last posted its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. equities research analysts anticipate that SAP SE will post 4.13 earnings per share for the current year.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reissued a “neutral” rating on shares of SAP in a research note on Monday, October 16th. Argus boosted their price objective on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, October 23rd. Oppenheimer reissued a “buy” rating and set a $120.00 price objective on shares of SAP in a research note on Tuesday, November 14th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $106.91.

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SAP Company 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).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

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