Neuberger Berman Group LLC Grows Holdings in SAP SE $SAP

Neuberger Berman Group LLC lifted its stake in SAP SE (NYSE:SAP) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 264,583 shares of the software maker’s stock after purchasing an additional 23,535 shares during the quarter. Neuberger Berman Group LLC’s holdings in SAP were worth $70,636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. purchased a new position in shares of SAP during the first quarter worth $242,000. AQR Capital Management LLC boosted its position in shares of SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after buying an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SAP in the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC grew its stake in shares of SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after buying an additional 69 shares in the last quarter.

SAP Price Performance

SAP stock opened at $202.09 on Friday. The business has a 50 day moving average price of $218.45 and a 200 day moving average price of $244.86. The stock has a market cap of $248.27 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.21 and a beta of 1.18. SAP SE has a fifty-two week low of $187.93 and a fifty-two week high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of several research reports. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays set a $283.00 target price on SAP in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Finally, Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.