Northwest Bancshares Inc. boosted its position in shares of SAP SE (NYSE:SAP) by 55.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,823 shares of the software maker’s stock after purchasing an additional 8,478 shares during the period. SAP comprises 1.2% of Northwest Bancshares Inc.’s holdings, making the stock its 29th biggest holding. Northwest Bancshares Inc.’s holdings in SAP were worth $2,751,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in SAP by 394.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock worth $38,390,000 after acquiring an additional 248,945 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SAP by 12.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after acquiring an additional 40,007 shares in the last quarter. LPL Financial LLC grew its stake in SAP by 10.8% in the 3rd quarter. LPL Financial LLC now owns 17,804 shares of the software maker’s stock worth $2,190,000 after acquiring an additional 1,729 shares in the last quarter. Vident Investment Advisory LLC bought a new position in SAP in the 3rd quarter worth about $209,000. Finally, Verition Fund Management LLC bought a new position in SAP in the 3rd quarter worth about $201,000. Institutional investors own 4.57% of the company’s stock.

NYSE:SAP traded up $14.28 during midday trading on Wednesday, reaching $129.08. 4,531,416 shares of the stock traded hands, compared to its average volume of 750,780. SAP SE has a 12-month low of $94.81 and a 12-month high of $130.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $141.03 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.39 and a beta of 1.02.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 29th. The software maker reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The firm had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.22 billion. During the same period in the previous year, the company earned $1.77 EPS. The company’s revenue was up 9.2% on a year-over-year basis. As a group, analysts expect that SAP SE will post 5.02 EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a dividend of $1.6961 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.51%. SAP’s payout ratio is 26.27%.

A number of equities analysts have commented on SAP shares. Royal Bank of Canada restated an “average” rating and issued a $52.00 target price on shares of SAP in a research note on Tuesday. DZ Bank restated a “buy” rating on shares of SAP in a research note on Wednesday. JMP Securities restated a “buy” rating and issued a $131.00 target price on shares of SAP in a research note on Wednesday, March 13th. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Monday, February 4th. Finally, ValuEngine downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $107.75.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2019/04/24/northwest-bancshares-inc-has-2-75-million-position-in-sap-se-sap.html.

SAP Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

See Also: Range Trading

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.