International Assets Investment Management LLC Invests $40.57 Million in SAP SE (NYSE:SAP)

International Assets Investment Management LLC bought a new stake in SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 177,096 shares of the software maker’s stock, valued at approximately $40,573,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its holdings 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 worth $2,939,000 after purchasing an additional 8,003 shares during the period. BNP Paribas Financial Markets lifted its position 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 buying an additional 4,596 shares in the last quarter. Creative Planning grew its stake in SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after buying an additional 14,546 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of SAP in the first quarter worth $237,000. Finally, CWM LLC raised its stake in shares of SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares during the period.

Wall Street Analyst Weigh In

SAP has been the subject of several recent research reports. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report 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 report on Wednesday, October 23rd. TD Cowen increased their price objective on shares of 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 boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Down 0.3 %

SAP opened at $237.69 on Monday. SAP SE has a 12-month low of $130.63 and a 12-month high of $240.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $292.00 billion, a PE ratio of 51.56, a P/E/G ratio of 4.42 and a beta of 1.25. The firm’s fifty day moving average price is $223.61 and its 200 day moving average price is $205.09.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.39% and a net margin of 8.15%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. As a group, research analysts expect that SAP SE will post 4.83 EPS for the current fiscal year.

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.