SRN Advisors LLC Purchases 3,339 Shares of SAP SE (NYSE:SAP)

SRN Advisors LLC lifted its stake in SAP SE (NYSE:SAP) by 58.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,026 shares of the software maker’s stock after buying an additional 3,339 shares during the quarter. SAP makes up about 1.4% of SRN Advisors LLC’s investment portfolio, making the stock its 14th largest position. SRN Advisors LLC’s holdings in SAP were worth $1,760,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SAP. EverSource Wealth Advisors LLC grew its position in shares of SAP by 31.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the software maker’s stock worth $213,000 after buying an additional 281 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the period. Cetera Investment Advisers increased its holdings in SAP by 454.3% in the 1st quarter. Cetera Investment Advisers now owns 38,394 shares of the software maker’s stock worth $7,488,000 after acquiring an additional 31,468 shares in the last quarter. Burney Co. increased its holdings in SAP by 6.5% in the 1st quarter. Burney Co. now owns 7,793 shares of the software maker’s stock worth $1,520,000 after acquiring an additional 475 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of SAP during the first quarter worth $25,000.

SAP Price Performance

NYSE:SAP traded down $0.84 during trading hours on Friday, hitting $204.72. 1,144,568 shares of the company’s stock traded hands, compared to its average volume of 849,757. SAP SE has a twelve month low of $126.75 and a twelve month high of $214.94. 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 stock’s fifty day moving average price is $197.84 and its two-hundred day moving average price is $189.29.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that SAP SE will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAP. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Barclays dropped their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. TD Cowen raised their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.17.

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.