47,440 Shares in SAP SE (NYSE:SAP) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new position in shares of SAP SE (NYSE:SAP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,440 shares of the software maker’s stock, valued at approximately $10,869,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Godsey & Gibb Inc. acquired a new position in SAP in the 3rd quarter worth approximately $25,000. POM Investment Strategies LLC boosted its stake in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC boosted its stake in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the period. Atticus Wealth Management LLC acquired a new position in SAP in the 2nd quarter worth approximately $40,000. Finally, Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth approximately $42,000.

SAP Stock Up 0.9 %

SAP stock opened at $243.82 on Wednesday. The company has a market capitalization of $299.53 billion, a P/E ratio of 97.53, a P/E/G ratio of 4.64 and a beta of 1.23. SAP SE has a 1-year low of $148.38 and a 1-year high of $245.02. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $232.03 and its 200-day simple moving average is $214.63.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. Sell-side analysts forecast that SAP SE will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.