Prosperity Consulting Group LLC Has $6.02 Million Stake in SAP SE $SAP

Prosperity Consulting Group LLC trimmed its position in SAP SE (NYSE:SAP) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,801 shares of the software maker’s stock after selling 731 shares during the quarter. Prosperity Consulting Group LLC’s holdings in SAP were worth $6,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Twin Tree Management LP grew its position in shares of SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after purchasing an additional 280,896 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of SAP by 195.0% during the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after purchasing an additional 146,325 shares in the last quarter. Main Street Research LLC acquired a new stake in shares of SAP during the 1st quarter worth $32,151,000. Deutsche Bank AG grew its holdings in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after purchasing an additional 100,487 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after buying an additional 80,164 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the topic of several analyst reports. Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Barclays raised their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Monday, October 27th. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Finally, Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $284.33.

SAP Stock Performance

SAP opened at $264.06 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $268.46 and its two-hundred day moving average price is $284.03. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a market cap of $324.39 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 3.83 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. On average, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP 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.