Dash Acquisitions Inc. Boosts Stake in SAP SE (NYSE:SAP)

Dash Acquisitions Inc. boosted its position in SAP SE (NYSE:SAP) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,100 shares of the software maker’s stock after purchasing an additional 2,175 shares during the period. SAP comprises approximately 4.6% of Dash Acquisitions Inc.’s portfolio, making the stock its 10th biggest holding. Dash Acquisitions Inc.’s holdings in SAP were worth $19,039,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SAP. Cetera Advisors LLC lifted its position in shares of SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in SAP by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the last quarter. Creative Planning lifted its holdings in SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of SAP in the first quarter worth about $237,000. Finally, CWM LLC raised its position in shares of SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares during the period.

SAP Stock Down 0.2 %

SAP stock opened at $233.11 on Friday. The company’s 50 day moving average is $225.51 and its 200 day moving average is $206.68. The stock has a market cap of $286.38 billion, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 4.47 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1-year low of $137.77 and a 1-year high of $243.01.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the company earned $1.20 EPS. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts predict that SAP SE will post 4.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SAP. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Company 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.