Squarepoint Ops LLC Has $6.12 Million Position in SAP SE (NYSE:SAP)

Squarepoint Ops LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 151.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,324 shares of the software maker’s stock after buying an additional 18,260 shares during the quarter. Squarepoint Ops LLC’s holdings in SAP were worth $6,117,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cetera Advisors LLC increased its holdings in 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 buying an additional 8,003 shares during the period. BNP Paribas Financial Markets lifted its position in shares of SAP by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after purchasing an additional 4,596 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of SAP in the 1st quarter worth approximately $237,000. CWM LLC lifted its position in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares during the period. Finally, Sei Investments Co. lifted its position in shares of SAP by 4.2% during the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock valued at $33,941,000 after acquiring an additional 6,785 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $228.00 on Monday. The stock has a fifty day moving average of $215.51 and a 200 day moving average of $199.96. SAP SE has a 52 week low of $126.75 and a 52 week high of $231.13. The firm has a market capitalization of $280.10 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 4.44 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping 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 company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that SAP SE will post 4.77 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SAP. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their price target on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Barclays upped their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. TD Cowen upped their price objective 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, JMP Securities increased their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP Company 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.