SAP SE $SAP Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC grew its position in SAP SE (NYSE:SAP) by 13.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 51,041 shares of the software maker’s stock after purchasing an additional 5,960 shares during the period. Boston Common Asset Management LLC’s holdings in SAP were worth $8,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Sound Income Strategies LLC boosted its position in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Bayban purchased a new position in SAP during the 4th quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC increased its position in SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares in the last quarter. American National Bank & Trust increased its position in SAP by 641.7% during the 4th quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock valued at $43,000 after buying an additional 154 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after buying an additional 67 shares during the last quarter.

SAP Stock Performance

Shares of SAP opened at $159.09 on Monday. The stock has a 50-day moving average of $166.86 and a two-hundred day moving average of $187.14. SAP SE has a one year low of $148.06 and a one year high of $309.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap 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.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAP. The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.