Perigon Wealth Management LLC Has $4.12 Million Position in SAP SE $SAP

Perigon Wealth Management LLC boosted its position in shares of SAP SE (NYSE:SAP) by 38.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,402 shares of the software maker’s stock after buying an additional 4,256 shares during the quarter. Perigon Wealth Management LLC’s holdings in SAP were worth $4,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Fisher Asset Management LLC lifted its stake in shares of SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after acquiring an additional 1,163,616 shares during the period. Bank of America Corp DE raised its holdings in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after purchasing an additional 80,164 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SAP by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,087,751 shares of the software maker’s stock valued at $330,786,000 after purchasing an additional 78,306 shares during the last quarter. Finally, Sands Capital Management LLC grew its position in shares of SAP by 29.8% during the 2nd quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock worth $88,002,000 after buying an additional 66,354 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. KeyCorp reiterated an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, BMO Capital Markets decreased their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $284.33.

SAP Stock Up 0.3%

Shares of SAP stock opened at $246.35 on Monday. The company has a market capitalization of $302.64 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 3.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The business has a 50-day moving average of $250.51 and a two-hundred day moving average of $270.88. SAP SE has a 1 year low of $233.51 and a 1 year high of $313.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.