3,608 Shares in SAP SE $SAP Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new stake in SAP SE (NYSE:SAP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,608 shares of the software maker’s stock, valued at approximately $964,000.

Several other hedge funds also recently made changes to their positions in the business. First PREMIER Bank acquired a new position in SAP during the third quarter worth $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the 2nd quarter worth about $31,000. Albion Financial Group UT grew its holdings in shares of SAP by 56.8% in the 3rd quarter. Albion Financial Group UT now owns 127 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of SAP by 424.0% in the third quarter. True Wealth Design LLC now owns 131 shares of the software maker’s stock valued at $35,000 after acquiring an additional 106 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the subject of several recent research reports. BMO Capital Markets reduced their price target on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Barclays lifted their price target on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $280.20.

SAP Price Performance

Shares of NYSE:SAP opened at $226.79 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. SAP SE has a 52 week low of $224.77 and a 52 week high of $313.28. The firm has a market cap of $286.97 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18. The firm’s fifty day moving average is $242.26 and its 200-day moving average is $264.19.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. Sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.