Atlas Brown Inc. Takes $212,000 Position in SAP SE $SAP

Atlas Brown Inc. bought a new stake in SAP SE (NYSE:SAP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 698 shares of the software maker’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after acquiring an additional 1,255 shares during the last quarter. Deutsche Bank AG raised its stake in SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock valued at $1,175,000 after acquiring an additional 1,396 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in SAP by 26.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,152 shares of the software maker’s stock valued at $530,000 after acquiring an additional 452 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in SAP during the 4th quarter valued at approximately $1,301,000. Finally, Raiffeisen Bank International AG purchased a new stake in SAP during the 4th quarter valued at approximately $153,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SAP shares. Barclays reissued an “overweight” rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They set an “overweight” rating for the company. Finally, Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Trading Down 0.4%

NYSE:SAP opened at $257.10 on Monday. The business’s 50-day moving average is $284.11 and its two-hundred day moving average is $283.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 12 month low of $217.51 and a 12 month high of $313.28. The firm has a market capitalization of $315.85 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 3.69 and a beta of 1.29.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It 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 spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.