DRW Securities LLC Raises Stock Position in SAP SE (NYSE:SAP)

DRW Securities LLC grew its stake in shares of SAP SE (NYSE:SAP) by 737.8% during the third quarter, HoldingsChannel reports. The firm owned 8,428 shares of the software maker’s stock after purchasing an additional 7,422 shares during the quarter. DRW Securities LLC’s holdings in SAP were worth $1,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SAP. International Assets Investment Management LLC bought a new stake in shares of SAP during the 3rd quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of SAP during the second quarter valued at approximately $21,479,000. Hantz Financial Services Inc. bought a new stake in shares of SAP in the 2nd quarter worth approximately $20,532,000. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of SAP in the 3rd quarter worth approximately $17,376,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

Shares of NYSE SAP opened at $236.25 on Monday. The firm’s 50-day moving average price is $230.65 and its 200-day moving average price is $212.39. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01. The company has a market cap of $290.23 billion, a PE ratio of 94.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate that SAP SE will post 4.89 EPS 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.