Advisors Preferred LLC Buys New Position in SAP SE $SAP

Advisors Preferred LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,197 shares of the software maker’s stock, valued at approximately $1,403,000.

A number of other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC increased 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 boosted its stake 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 valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of SAP by 9,269.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after purchasing an additional 416,678 shares during the period. Trivest Advisors Ltd bought a new stake in shares of SAP in the 2nd quarter worth $52,305,000. Finally, Jennison Associates LLC raised its stake in shares of SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after buying an additional 146,325 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Barclays set a $283.00 target price on shares of SAP in a report on Monday, February 2nd. Citigroup lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Trading Up 1.2%

NYSE SAP opened at $202.59 on Friday. The firm’s 50 day moving average price is $227.62 and its two-hundred day moving average price is $250.54. The stock has a market cap of $248.88 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.25 and a beta of 1.17. SAP SE has a twelve month low of $189.22 and a twelve month high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.SAP’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Equities analysts anticipate that SAP SE will post 6.55 EPS 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.