DRW Securities LLC Increases Stock Holdings in SAP SE (NYSE:SAP)

DRW Securities LLC boosted its position in shares of SAP SE (NYSE:SAP) by 737.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,428 shares of the software maker’s stock after acquiring an additional 7,422 shares during the period. DRW Securities LLC’s holdings in SAP were worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modera Wealth Management LLC grew its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after buying an additional 51 shares in the last quarter. PDS Planning Inc increased its stake in SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after acquiring an additional 51 shares during the last quarter. RFP Financial Group LLC increased its stake in SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen lifted their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JMP Securities upped 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. Finally, BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the company an “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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Up 0.1 %

SAP opened at $236.25 on Monday. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. 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 business’s 50-day moving average price is $230.65 and its 200-day moving average price is $212.39. The company has a market cap of $290.23 billion, a P/E ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25.

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

About SAP

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.