SAP SE (NYSE:SAP) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in SAP SE (NYSE:SAP) by 248.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,959 shares of the software maker’s stock after buying an additional 3,536 shares during the period. Quantbot Technologies LP’s holdings in SAP were worth $1,136,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. Raymond James & Associates raised its position in shares of SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after purchasing an additional 22,438 shares during the last quarter. Principal Financial Group Inc. lifted its stake in SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after buying an additional 4,775 shares in the last quarter. NewEdge Advisors LLC increased its position in SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of SAP in the third quarter worth $40,573,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAP. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised 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. Finally, Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities 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 presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Up 2.4 %

SAP stock opened at $237.60 on Friday. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01. The company has a market cap of $291.89 billion, a price-to-earnings ratio of 95.04, a PEG ratio of 4.45 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $231.55 and a 200-day simple moving average of $213.76.

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

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.