AdvisorNet Financial Inc Has $143,000 Stock Holdings in SAP SE (NYSE:SAP)

AdvisorNet Financial Inc grew its position in SAP SE (NYSE:SAP) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 711 shares of the software maker’s stock after acquiring an additional 166 shares during the period. AdvisorNet Financial Inc’s holdings in SAP were worth $143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SAP by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock valued at $167,987,000 after purchasing an additional 26,031 shares in the last quarter. Principal Financial Group Inc. increased its stake in SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of SAP by 8.3% during the fourth quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock valued at $62,566,000 after acquiring an additional 31,135 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of SAP in the 1st quarter worth about $58,936,000.

SAP Stock Performance

Shares of NYSE:SAP traded up $2.39 during midday trading on Thursday, hitting $214.94. The company had a trading volume of 543,007 shares, compared to its average volume of 782,437. The company has a fifty day moving average of $200.82 and a two-hundred day moving average of $191.51. SAP SE has a 12-month low of $126.75 and a 12-month high of $215.52. 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 company has a market cap of $253.54 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 4.12 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion during 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%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts expect that SAP SE will post 4.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein began coverage on SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, Barclays upped their price objective on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $232.00.

SAP 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.