SAP Target of Unusually Large Options Trading (NYSE:SAP)

SAP SE (NYSE:SAP) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 7,476 put options on the stock. This represents an increase of approximately 42% compared to the typical volume of 5,260 put options.

SAP Trading Down 3.7%

Shares of SAP stock opened at $148.66 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $166.14 and its 200-day simple moving average is $185.25. The stock has a market cap of $182.63 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.77 and a beta of 1.14. SAP has a 1-year low of $147.45 and a 1-year high of $299.48.

SAP (NYSE:SAP) last posted its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion during the quarter. Analysts predict that SAP will post 8.28 EPS for the current fiscal year.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC boosted its position in shares of SAP by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after acquiring an additional 179,550 shares during the last quarter. Bank of America Corp DE increased its position in SAP by 58.1% during the second 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. Windacre Partnership LLC increased its position in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares during the last quarter. Northern Trust Corp raised its stake in SAP by 3.2% during the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after purchasing an additional 49,111 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after purchasing an additional 83,349 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research reports. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. TD Cowen lowered their price target on SAP from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.83.

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.