Avestar Capital LLC Boosts Stock Holdings in SAP SE (NYSE:SAP)

Avestar Capital LLC raised its holdings in SAP SE (NYSE:SAP) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,752 shares of the software maker’s stock after purchasing an additional 575 shares during the period. Avestar Capital LLC’s holdings in SAP were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in SAP by 68.1% in the second quarter. First Trust Advisors LP now owns 507,178 shares of the software maker’s stock valued at $71,005,000 after acquiring an additional 205,535 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of SAP in the first quarter worth $3,576,000. Sustainable Growth Advisers LP grew its position in shares of SAP by 14.6% in the first quarter. Sustainable Growth Advisers LP now owns 1,514,900 shares of the software maker’s stock valued at $167,397,000 after purchasing an additional 192,996 shares during the period. FDx Advisors Inc. grew its position in shares of SAP by 263.9% in the first quarter. FDx Advisors Inc. now owns 125,894 shares of the software maker’s stock valued at $10,068,000 after purchasing an additional 91,296 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of SAP by 10.5% in the first quarter. Clearbridge Investments LLC now owns 846,419 shares of the software maker’s stock valued at $93,529,000 after purchasing an additional 80,105 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

SAP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of SAP in a research report on Tuesday. DZ Bank reaffirmed a “neutral” rating on shares of SAP in a research report on Thursday, July 9th. BMO Capital Markets boosted their price target on SAP from $130.00 to $170.00 and gave the company a “market perform” rating in a research report on Tuesday. They noted that the move was a valuation call. UBS Group reissued a “buy” rating on shares of SAP in a research report on Wednesday, July 8th. Finally, Argus boosted their price target on SAP from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $152.40.

NYSE:SAP opened at $159.22 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.99 and a current ratio of 1.05. SAP SE has a one year low of $90.89 and a one year high of $165.43. The business’s 50-day simple moving average is $146.52 and its 200 day simple moving average is $128.81. The stock has a market cap of $191.18 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 3.92 and a beta of 0.96.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 27th. The software maker reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. SAP had a return on equity of 16.31% and a net margin of 16.30%. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that SAP SE will post 5.1 EPS for the current year.

SAP Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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