Dynasty Wealth Management LLC Makes New Investment in SAP SE (NYSE:SAP)

Dynasty Wealth Management LLC bought a new stake in shares of SAP SE (NYSE:SAP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,542 shares of the software maker’s stock, valued at approximately $1,081,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in SAP by 5.8% in the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock worth $210,000 after purchasing an additional 75 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of SAP by 18.6% during the fourth quarter. Global Retirement Partners LLC now owns 630 shares of the software maker’s stock valued at $99,000 after buying an additional 99 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of SAP by 135.1% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the software maker’s stock valued at $81,000 after acquiring an additional 300 shares in the last quarter. Claro Advisors LLC purchased a new position in SAP in the 4th quarter worth approximately $223,000. Finally, Drive Wealth Management LLC boosted its stake in SAP by 8.0% during the 4th quarter. Drive Wealth Management LLC now owns 2,210 shares of the software maker’s stock valued at $342,000 after purchasing an additional 163 shares during the last quarter.

SAP Trading Up 1.9 %

Shares of NYSE:SAP traded up $3.97 during trading hours on Wednesday, hitting $210.73. The company’s stock had a trading volume of 249,015 shares, compared to its average volume of 780,461. SAP SE has a 52 week low of $126.75 and a 52 week high of $214.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $197.09 and its 200 day moving average price is $188.47.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, sell-side analysts anticipate that SAP SE will post 4.75 EPS for the current year.

Analysts Set New Price Targets

SAP has been the topic of several research analyst reports. BMO Capital Markets upped their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. TD Cowen increased their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.17.

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.