21,410 Shares in SAP SE $SAP Bought by Caprock Group LLC

Caprock Group LLC purchased a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,410 shares of the software maker’s stock, valued at approximately $5,827,000.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in SAP by 15.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after buying an additional 7,066 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in SAP by 59.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock valued at $10,353,000 after acquiring an additional 12,637 shares during the last quarter. Seaview Investment Managers LLC grew its position in shares of SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after acquiring an additional 7,714 shares during the period. AMF Tjanstepension AB increased its stake in shares of SAP by 118.9% during the 3rd quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock worth $30,911,000 after purchasing an additional 62,842 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of SAP by 20.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock worth $38,622,000 after purchasing an additional 21,372 shares during the period.

SAP Trading Down 4.5%

Shares of SAP stock opened at $202.65 on Thursday. The company’s 50-day moving average price is $233.52 and its 200-day moving average price is $254.57. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. SAP SE has a 12-month low of $189.22 and a 12-month high of $313.28. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.36 and a beta of 1.17.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. SAP’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Zacks Research raised SAP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

About SAP

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.