Northwest Bancshares Inc. raised its stake in shares of SAP SE (NYSE:SAP) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,989 shares of the software maker’s stock after acquiring an additional 222 shares during the period. Northwest Bancshares Inc.’s holdings in SAP were worth $2,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Enterprise Financial Services Corp grew its holdings in shares of SAP by 18.7% in the second quarter. Enterprise Financial Services Corp now owns 583 shares of the software maker’s stock valued at $80,000 after purchasing an additional 92 shares in the last quarter. Coastal Investment Advisors Inc. grew its holdings in shares of SAP by 44.2% in the second quarter. Coastal Investment Advisors Inc. now owns 300 shares of the software maker’s stock valued at $42,000 after purchasing an additional 92 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of SAP by 52.7% in the second quarter. Whittier Trust Co. now owns 313 shares of the software maker’s stock valued at $43,000 after purchasing an additional 108 shares in the last quarter. Assetmark Inc. grew its holdings in shares of SAP by 3.2% in the second quarter. Assetmark Inc. now owns 3,524 shares of the software maker’s stock valued at $482,000 after purchasing an additional 109 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of SAP by 10.5% in the second quarter. Capital Investment Advisory Services LLC now owns 1,160 shares of the software maker’s stock valued at $145,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 5.03% of the company’s stock.

A number of brokerages recently weighed in on SAP. Deutsche Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, July 19th. BMO Capital Markets set a $140.00 price target on shares of SAP and gave the stock a “hold” rating in a research note on Friday, July 19th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Thursday, September 12th. Finally, Jefferies Financial Group initiated coverage on shares of SAP in a research note on Monday, July 22nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. SAP has an average rating of “Hold” and an average price target of $125.63.

SAP traded up $3.53 during trading on Wednesday, hitting $116.43. The stock had a trading volume of 47,551 shares, compared to its average volume of 784,747. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $134.76 billion, a P/E ratio of 25.70, a PEG ratio of 2.56 and a beta of 1.08. The company’s 50-day moving average price is $118.59 and its 200 day moving average price is $123.22. SAP SE has a twelve month low of $94.81 and a twelve month high of $140.62.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.71 billion. SAP had a net margin of 11.95% and a return on equity of 15.39%. SAP’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. As a group, equities analysts expect that SAP SE will post 4.28 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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