Brown Advisory Inc. Grows Holdings in SAP SE (NYSE:SAP)

Brown Advisory Inc. grew its holdings in SAP SE (NYSE:SAP) by 34.2% during the first quarter, HoldingsChannel.com reports. The firm owned 1,529 shares of the software maker’s stock after acquiring an additional 390 shares during the quarter. Brown Advisory Inc.’s holdings in SAP were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG grew its position in shares of SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker’s stock worth $1,175,000 after buying an additional 1,396 shares in the last quarter. National Bank of Canada FI grew its position in shares of SAP by 3.3% during the 4th quarter. National Bank of Canada FI now owns 75,692 shares of the software maker’s stock worth $18,636,000 after buying an additional 2,445 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SAP by 473.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker’s stock worth $502,000 after buying an additional 1,718 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of SAP during the 1st quarter worth $790,000. Finally, Alliancebernstein L.P. grew its position in shares of SAP by 15.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker’s stock worth $313,000 after buying an additional 172 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $301.33 on Wednesday. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28. The stock’s 50-day moving average is $299.11 and its 200 day moving average is $280.14. The company has a market cap of $370.19 billion, a P/E ratio of 57.73, a PEG ratio of 4.25 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAP. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Friday, May 2nd. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. Piper Sandler began coverage on SAP in a research report on Tuesday, June 17th. They set an “overweight” rating on the stock. BMO Capital Markets increased their price target on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price of $271.83.

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.