Westfield Capital Management Co. LP Makes New Investment in SAP SE (NYSE:SAP)

Westfield Capital Management Co. LP bought a new position in shares of SAP SE (NYSE:SAP) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 302,188 shares of the software maker’s stock, valued at approximately $58,936,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Northwest Investment Counselors LLC acquired a new position in SAP during the 1st quarter worth $25,000. Sunbelt Securities Inc. acquired a new position in shares of SAP during the first quarter valued at about $29,000. Wetzel Investment Advisors Inc. acquired a new position in shares of SAP during the fourth quarter valued at about $31,000. Adirondack Trust Co. raised its position in shares of SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after buying an additional 109 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of SAP during the fourth quarter valued at about $33,000.

SAP Price Performance

SAP stock traded down $0.02 during trading hours on Friday, hitting $197.21. 699,570 shares of the stock were exchanged, compared to its average volume of 633,109. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $232.62 billion, a P/E ratio of 42.78, a P/E/G ratio of 4.06 and a beta of 1.25. SAP SE has a 12 month low of $126.75 and a 12 month high of $206.34. The business’s 50-day moving average is $194.70 and its two-hundred day moving average is $185.46.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). The firm had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.73 billion. SAP had a return on equity of 9.79% and a net margin of 15.76%. Equities research analysts expect that SAP SE will post 4.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAP. Sanford C. Bernstein began coverage on shares of SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. Barclays lowered their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. JMP Securities upped their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets raised shares of SAP from a “market perform” rating to an “outperform” rating and upped their target price for the company from $218.00 to $237.00 in a research note on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.20.

SAP 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.