Alaethes Wealth LLC Has $2.45 Million Position in SAP SE (NYSE:SAP)

Alaethes Wealth LLC increased its position in shares of SAP SE (NYSE:SAP) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,139 shares of the software maker’s stock after acquiring an additional 103 shares during the period. SAP comprises 1.0% of Alaethes Wealth LLC’s holdings, making the stock its 24th largest holding. Alaethes Wealth LLC’s holdings in SAP were worth $2,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in SAP in the first quarter valued at about $25,000. LRI Investments LLC acquired a new position in SAP during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC lifted its stake in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its position in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP during the first quarter worth $29,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price target on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. TD Cowen boosted their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Barclays raised their price objective on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Finally, JMP Securities upped their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Down 0.1 %

Shares of NYSE SAP opened at $228.81 on Friday. The company’s 50 day moving average price is $212.75 and its 200-day moving average price is $198.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 52-week low of $126.75 and a 52-week high of $230.19. The company has a market capitalization of $269.90 billion, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Equities analysts forecast that SAP SE will post 4.83 earnings per share for the current year.

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.