SAP SE $SAP Stock Purchased by Coerente Capital Management

Coerente Capital Management lifted its stake in shares of SAP SE (NYSE:SAP) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,381 shares of the software maker’s stock after buying an additional 3,775 shares during the period. SAP comprises approximately 6.0% of Coerente Capital Management’s investment portfolio, making the stock its 5th biggest position. Coerente Capital Management’s holdings in SAP were worth $34,270,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of SAP by 15.9% during the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock valued at $345,567,000 after acquiring an additional 276,263 shares in the last quarter. Tidal Investments LLC grew its position in SAP by 18.5% during the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after acquiring an additional 189,591 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in SAP in the 1st quarter worth about $150,701,000. Ruane Cunniff & Goldfarb L.P. increased its holdings in SAP by 1,532.8% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in SAP by 48.2% in the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after purchasing an additional 179,040 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $233.46 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $218.23 and a two-hundred day simple moving average of $192.37. SAP SE has a 12 month low of $144.97 and a 12 month high of $265.88. The firm has a market capitalization of $286.81 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13.

Analysts Set New Price Targets

Several equities analysts have commented on SAP shares. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, August 21st. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Thursday, October 22nd. UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research report on Friday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of SAP in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.83.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.