SAP SE (NYSE:SAP) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in SAP SE (NYSE:SAP) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,595 shares of the software maker’s stock after acquiring an additional 1,770 shares during the period. Advisors Asset Management Inc.’s holdings in SAP were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SAP. Cetera Advisors LLC boosted its holdings in SAP by 113.3% in the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares during the period. Creative Planning boosted its holdings in shares of SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in SAP in the third quarter worth about $3,780,000. Finally, Dash Acquisitions Inc. boosted its stake in SAP by 2.8% in the third quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after acquiring an additional 2,175 shares during the period.

SAP Stock Performance

Shares of SAP opened at $236.25 on Friday. The firm has a market capitalization of $290.23 billion, a PE ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $230.65 and a 200 day moving average price of $212.23. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that SAP SE will post 4.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several recent research reports. TD Cowen raised their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Profile

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.