SAP SE (NYSE:SAP) Shares Acquired by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC boosted its position in SAP SE (NYSE:SAP) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,570 shares of the software maker’s stock after purchasing an additional 968 shares during the quarter. SAP comprises 1.5% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Hollow Brook Wealth Management LLC’s holdings in SAP were worth $4,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAP. FMR LLC grew its stake in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC bought a new position in SAP in the 3rd quarter valued at about $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 period. Marshall Wace LLP bought a new stake in shares of SAP during the 2nd quarter worth about $21,479,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of SAP in the 2nd quarter worth approximately $20,532,000.

SAP Trading Up 0.7 %

Shares of SAP opened at $239.30 on Monday. The business’s 50-day moving average price is $231.55 and its 200 day moving average price is $213.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $293.98 billion, a P/E ratio of 95.04, a P/E/G ratio of 4.56 and a beta of 1.25. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Analysts expect that SAP SE will post 4.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays raised their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen boosted their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.