Hennion & Walsh Asset Management Inc. Boosts Position in SAP SE $SAP

Hennion & Walsh Asset Management Inc. raised its position in SAP SE (NYSE:SAP) by 127.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,342 shares of the software maker’s stock after acquiring an additional 4,672 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in SAP were worth $2,229,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SAP. Contravisory Investment Management Inc. lifted its stake in shares of SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after purchasing an additional 34 shares during the period. Sage Rhino Capital LLC raised its position in SAP by 1.1% in the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after acquiring an additional 37 shares during the period. Certuity LLC boosted its stake in shares of SAP by 2.4% during the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after acquiring an additional 43 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock valued at $1,355,000 after acquiring an additional 43 shares during the period. Finally, Tritonpoint Wealth LLC increased its stake in shares of SAP by 1.2% in the 2nd quarter. Tritonpoint Wealth LLC now owns 3,728 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 45 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Cowen reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, KeyCorp reiterated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus price target of $284.33.

SAP Price Performance

SAP stock opened at $243.33 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The company’s fifty day moving average price is $245.52 and its 200-day moving average price is $268.17. SAP SE has a one year low of $233.51 and a one year high of $313.28. The company has a market capitalization of $292.36 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.93 and a beta of 1.18.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm posted $1.23 EPS. SAP’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

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.