Baron Wealth Management LLC Grows Position in SAP SE $SAP

Baron Wealth Management LLC raised its position in shares of SAP SE (NYSE:SAP) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,785 shares of the software maker’s stock after purchasing an additional 90 shares during the quarter. Baron Wealth Management LLC’s holdings in SAP were worth $543,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ascent Group LLC lifted its stake in shares of SAP by 196.3% in the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock valued at $1,121,000 after purchasing an additional 2,766 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new stake in shares of SAP in the 1st quarter valued at approximately $13,869,000. Deutsche Bank AG lifted its stake in shares of SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock valued at $1,175,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of SAP in the 2nd quarter valued at approximately $920,000.

SAP Trading Up 0.6%

Shares of NYSE:SAP opened at $253.85 on Wednesday. SAP SE has a 12-month low of $217.51 and a 12-month high of $313.28. The business’s fifty day simple moving average is $281.96 and its 200-day simple moving average is $282.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $311.85 billion, a PE ratio of 42.03, a P/E/G ratio of 3.62 and a beta of 1.29.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping 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 firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating for the company. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They set an “overweight” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Barclays reissued an “overweight” rating and set a $322.00 price target (up from $308.00) on shares of SAP in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, SAP currently has an average rating of “Buy” and an average target price of $281.67.

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.