Cwm LLC Increases Stock Holdings in SAP SE $SAP

Cwm LLC lifted its position in SAP SE (NYSE:SAP) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,552 shares of the software maker’s stock after purchasing an additional 457 shares during the quarter. Cwm LLC’s holdings in SAP were worth $1,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SAP. Bartlett & CO. Wealth Management LLC boosted its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after buying an additional 82 shares during the period. Vermillion Wealth Management Inc. purchased a new position in SAP during the second quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its stake in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after buying an additional 66 shares during the period. Dagco Inc. purchased a new position in SAP during the first quarter worth about $45,000. Finally, Cornerstone Planning Group LLC boosted its stake in SAP by 108.6% during the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker’s stock worth $53,000 after buying an additional 101 shares during the period.

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. JMP Securities increased their target price on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Finally, Barclays reissued an “overweight” rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and an average price target of $281.67.

SAP Stock Up 1.0%

Shares of NYSE:SAP opened at $280.61 on Wednesday. The firm’s 50 day moving average price is $269.65 and its 200 day moving average price is $282.76. The stock has a market cap of $344.73 billion, a price-to-earnings ratio of 46.46, a price-to-earnings-growth ratio of 4.13 and a beta of 1.28. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last issued 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. The firm had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.