Boston Private Wealth LLC Has $299,000 Stock Position in SAP SE (NYSE:SAP)

Boston Private Wealth LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 15.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,207 shares of the software maker’s stock after buying an additional 301 shares during the period. Boston Private Wealth LLC’s holdings in SAP were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SAP. Goldman Sachs Group Inc. raised its holdings in SAP by 33.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,450,387 shares of the software maker’s stock worth $203,722,000 after buying an additional 362,251 shares during the period. Bank of America Corp DE raised its holdings in shares of SAP by 41.8% in the second quarter. Bank of America Corp DE now owns 1,126,494 shares of the software maker’s stock valued at $158,227,000 after purchasing an additional 332,017 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of SAP in the second quarter valued at approximately $25,406,000. Parametric Portfolio Associates LLC raised its holdings in shares of SAP by 8.4% in the second quarter. Parametric Portfolio Associates LLC now owns 1,236,936 shares of the software maker’s stock valued at $173,740,000 after purchasing an additional 95,916 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $9,427,000. Hedge funds and other institutional investors own 4.08% of the company’s stock.

Shares of SAP opened at $138.90 on Friday. The company has a market cap of $170.64 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 4.71 and a beta of 1.11. SAP SE has a 1-year low of $120.08 and a 1-year high of $151.48. The company’s fifty day simple moving average is $138.05 and its 200 day simple moving average is $142.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.

SAP (NYSE:SAP) last issued its earnings results on Thursday, October 21st. The software maker reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.48. The business had revenue of $8.07 billion for the quarter, compared to the consensus estimate of $8.17 billion. SAP had a net margin of 20.82% and a return on equity of 18.37%. As a group, research analysts forecast that SAP SE will post 5.14 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of SAP from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, November 5th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 22nd. Finally, UBS Group upgraded shares of SAP from a “neutral” rating to a “buy” rating in a report on Monday, December 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $115.67.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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