SAP SE $SAP Stake Boosted by CW Advisors LLC

CW Advisors LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 64.7% during the second quarter, Holdings Channel reports. The firm owned 6,366 shares of the software maker’s stock after buying an additional 2,500 shares during the period. CW Advisors LLC’s holdings in SAP were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in SAP by 9.0% in the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares during the period. Twin Tree Management LP boosted its holdings in shares of SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after acquiring an additional 280,896 shares during the period. Trivest Advisors Ltd bought a new position in shares of SAP during the second quarter worth about $52,305,000. Jennison Associates LLC increased its holdings in shares of SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after acquiring an additional 146,325 shares during the period. Finally, Deutsche Bank AG lifted its position in SAP by 2,105.3% in the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after purchasing an additional 100,487 shares during the last quarter.

SAP Price Performance

Shares of NYSE:SAP opened at $247.23 on Monday. The stock has a market cap of $303.72 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 3.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The stock’s 50 day moving average price is $258.40 and its 200 day moving average price is $276.98.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 7.2% 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.

Analyst Ratings Changes

SAP has been the subject of several recent analyst reports. Cowen restated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $284.33.

About SAP

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.