Assetmark Inc. Raises Position in SAP SE $SAP

Assetmark Inc. grew its stake in SAP SE (NYSE:SAP) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,292 shares of the software maker’s stock after purchasing an additional 9,674 shares during the quarter. Assetmark Inc.’s holdings in SAP were worth $12,548,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SAP. Binnacle Investments Inc raised its position in SAP by 14.2% in the 3rd quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after buying an additional 42 shares during the last quarter. Spire Wealth Management boosted its holdings in SAP by 6.2% during the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after acquiring an additional 43 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in SAP by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after acquiring an additional 43 shares during the last quarter. Euro Pacific Asset Management LLC grew its stake in shares of SAP by 5.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after acquiring an additional 47 shares in the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of SAP by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock valued at $950,000 after purchasing an additional 48 shares during the last quarter.

SAP Stock Performance

NYSE:SAP opened at $159.09 on Monday. SAP SE has a 1 year low of $148.06 and a 1 year high of $309.73. The business has a fifty day simple moving average of $166.86 and a two-hundred day simple moving average of $187.14. The company has a market capitalization of $195.44 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, analysts expect that SAP SE will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAP. BMO Capital Markets cut their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.17.

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.