SAP SE (NYSE:SAP) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of SAP SE (NYSE:SAP) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,359 shares of the software maker’s stock after buying an additional 4,596 shares during the quarter. BNP Paribas Financial Markets’ holdings in SAP were worth $5,141,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital International Investors boosted its stake in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after acquiring an additional 746,386 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after purchasing an additional 26,031 shares in the last quarter. Principal Financial Group Inc. raised its stake in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after buying an additional 108,729 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in SAP by 8.3% during the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after buying an additional 31,135 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of SAP by 49.7% in the 4th quarter. Brandes Investment Partners LP now owns 300,129 shares of the software maker’s stock worth $46,397,000 after acquiring an additional 99,652 shares in the last quarter.

Analyst Ratings Changes

SAP has been the topic of several research analyst reports. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. JMP Securities lifted their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Barclays cut their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Sanford C. Bernstein started coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. Finally, KeyCorp initiated coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.20.

SAP Price Performance

Shares of NYSE SAP opened at $201.74 on Friday. SAP SE has a 12-month low of $126.75 and a 12-month high of $206.08. The stock has a 50 day simple moving average of $193.12 and a 200-day simple moving average of $183.26. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The business had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.73 billion. On average, equities analysts expect that SAP SE will post 4.56 earnings per share 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.