SAP SE (NYSE:SAP) Shares Purchased by Creative Planning

Creative Planning boosted its stake in SAP SE (NYSE:SAP) by 18.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 95,434 shares of the software maker’s stock after acquiring an additional 14,546 shares during the quarter. Creative Planning’s holdings in SAP were worth $21,864,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC grew its stake in SAP by 4.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the software maker’s stock valued at $675,000 after acquiring an additional 129 shares during the period. Grove Bank & Trust boosted its stake in SAP by 30.0% during the 3rd quarter. Grove Bank & Trust now owns 659 shares of the software maker’s stock worth $151,000 after purchasing an additional 152 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in SAP during the 3rd quarter worth $213,000. Johnson Bixby & Associates LLC acquired a new stake in SAP during the 3rd quarter worth $206,000. Finally, Cardinal Capital Management Inc. boosted its stake in SAP by 2.2% during the 3rd quarter. Cardinal Capital Management Inc. now owns 109,605 shares of the software maker’s stock worth $25,111,000 after purchasing an additional 2,320 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent research reports. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. BMO Capital Markets cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their price target on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and eight have given 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 $232.17.

SAP Stock Up 0.7 %

NYSE SAP opened at $230.44 on Monday. SAP SE has a 52 week low of $130.08 and a 52 week high of $232.23. 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 business’s fifty day simple moving average is $221.38 and its 200-day simple moving average is $203.50. The firm has a market cap of $283.10 billion, a PE ratio of 49.99, a P/E/G ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that SAP SE will post 4.78 earnings per share for the current 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.