Profund Advisors LLC Increases Stock Holdings in SAP SE (NYSE:SAP)

Profund Advisors LLC boosted its position in shares of SAP SE (NYSE:SAP) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,642 shares of the software maker’s stock after purchasing an additional 164 shares during the period. Profund Advisors LLC’s holdings in SAP were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of SAP in the first quarter worth about $25,000. LRI Investments LLC acquired a new position in shares of SAP in the 1st quarter valued at $25,000. POM Investment Strategies LLC increased its holdings in shares of SAP by 892.3% in the second 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 period. Crewe Advisors LLC increased its holdings in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the first quarter worth $29,000.

SAP Price Performance

Shares of SAP opened at $230.38 on Tuesday. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $230.85. The firm’s 50 day moving average price is $213.29 and its 200 day moving average price is $198.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $271.75 billion, a P/E ratio of 49.97, a PEG ratio of 4.34 and a beta of 1.25.

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

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Barclays raised their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, JMP Securities increased their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

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.