SAP SE (NYSE:SAP) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of SAP SE (NYSE:SAP) by 2,105.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,260 shares of the software maker’s stock after purchasing an additional 100,487 shares during the period. Deutsche Bank AG’s holdings in SAP were worth $28,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the period. Alliancebernstein L.P. raised its position in SAP by 15.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker’s stock valued at $313,000 after acquiring an additional 172 shares in the last quarter. Invesco Ltd. raised its position in SAP by 9.0% during the fourth quarter. Invesco Ltd. now owns 151,709 shares of the software maker’s stock valued at $37,352,000 after acquiring an additional 12,503 shares in the last quarter. Advisory Services Network LLC lifted its holdings in SAP by 20.8% in the fourth quarter. Advisory Services Network LLC now owns 2,342 shares of the software maker’s stock valued at $577,000 after acquiring an additional 403 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in SAP by 9.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,491 shares of the software maker’s stock worth $5,520,000 after purchasing an additional 1,971 shares in the last quarter.

SAP Trading Down 3.9%

SAP stock opened at $276.08 on Wednesday. SAP SE has a 12-month low of $208.24 and a 12-month high of $313.28. The business’s 50-day moving average is $297.04 and its 200 day moving average is $285.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market cap of $339.16 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 4.13 and a beta of 1.27.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%. The business had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. Argus reaffirmed a “buy” rating and set a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They set an “overweight” rating on the stock. Barclays restated an “overweight” rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Finally, BMO Capital Markets upped their price target on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $281.67.

SAP Profile

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.