SAP SE (NYSE:SAP) Sees Large Decline in Short Interest

SAP SE (NYSE:SAP) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,410,000 shares, a decline of 29.9% from the October 31st total of 2,010,000 shares. Based on an average daily trading volume, of 832,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.1% of the shares of the company are short sold.

SAP Trading Up 2.4 %

Shares of NYSE SAP traded up $5.53 during mid-day trading on Friday, reaching $237.55. The company had a trading volume of 420,895 shares, compared to its average volume of 800,209. The business’s 50-day moving average is $231.55 and its 200-day moving average is $213.59. 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 cap of $291.83 billion, a price-to-earnings ratio of 95.02, a price-to-earnings-growth ratio of 4.45 and a beta of 1.25. SAP has a 52 week low of $148.38 and a 52 week high of $243.01.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share 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 business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the company earned $1.20 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that SAP will post 4.89 earnings per share for the current year.

Institutional Trading of SAP

Hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC raised its position in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the last quarter. Creative Planning grew its stake in 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 acquiring an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in SAP by 644.9% in 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 acquiring an additional 142,270 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in SAP in the 3rd quarter valued at $3,780,000. Finally, Dash Acquisitions Inc. lifted its holdings in SAP by 2.8% in the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after purchasing an additional 2,175 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price target 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. Finally, TD Cowen upped their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

About SAP

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.