Factory Mutual Insurance Co. Makes New $5.16 Million Investment in SAP SE $SAP

Factory Mutual Insurance Co. bought a new stake in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,324 shares of the software maker’s stock, valued at approximately $5,164,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its stake in shares of SAP by 15.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares during the period. Seaview Investment Managers LLC boosted its holdings in shares of SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after buying an additional 7,714 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in SAP by 59.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock valued at $10,353,000 after buying an additional 12,637 shares during the period. Cidel Asset Management Inc. grew its position in SAP by 9.7% during the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after buying an additional 12,268 shares during the period. Finally, AMF Tjanstepension AB increased its holdings in SAP by 118.9% during the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock valued at $30,911,000 after buying an additional 62,842 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the topic of several analyst reports. Santander upgraded SAP to a “neutral” rating in a research report on Tuesday, February 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Citigroup downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Performance

SAP opened at $200.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a market capitalization of $246.06 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.28 and a beta of 1.17. The company has a fifty day moving average of $228.46 and a 200 day moving average of $251.35. SAP SE has a fifty-two week low of $189.22 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.