Generali Investments CEE investicni spolecnost a.s. Takes Position in SAP SE $SAP

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 55,936 shares of the software maker’s stock, valued at approximately $13,683,000. SAP makes up approximately 1.0% of Generali Investments CEE investicni spolecnost a.s.’s portfolio, making the stock its 20th biggest holding.

Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of SAP by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after buying an additional 7,066 shares during the period. Seaview Investment Managers LLC raised its holdings in shares of SAP by 191.4% during the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after acquiring an additional 7,714 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of SAP during the third quarter valued at approximately $32,760,000. Cidel Asset Management Inc. lifted its position in shares of SAP by 9.7% in the 3rd quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after acquiring an additional 12,268 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of SAP by 2.3% in the 3rd quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock valued at $110,915,000 after acquiring an additional 9,195 shares in the last quarter.

SAP Stock Down 1.7%

SAP stock opened at $164.19 on Friday. SAP SE has a twelve month low of $163.77 and a twelve month high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $201.71 billion, a PE ratio of 23.29, a P/E/G ratio of 1.85 and a beta of 1.18. The firm’s 50 day moving average price is $200.78 and its two-hundred day moving average price is $235.66.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SAP shares. Piper Sandler assumed coverage on shares of SAP in a research report on Tuesday, February 3rd. They set an “overweight” rating on the stock. HSBC upgraded SAP to a “hold” rating in a report on Tuesday, January 20th. Arete Research upgraded SAP to a “strong-buy” rating in a report on Thursday, December 11th. Barclays set a $283.00 price target on SAP in a research report on Monday, February 2nd. Finally, Zacks Research downgraded SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

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.