SAP SE $SAP Shares Bought by Lido Advisors LLC

Lido Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 32.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,161 shares of the software maker’s stock after purchasing an additional 6,232 shares during the period. Lido Advisors LLC’s holdings in SAP were worth $5,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. D Orazio & Associates Inc. acquired a new stake in SAP in the 3rd quarter valued at $208,000. 71 West Capital Partners increased its holdings in SAP by 11.8% in the 3rd quarter. 71 West Capital Partners now owns 2,636 shares of the software maker’s stock worth $550,000 after acquiring an additional 279 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in SAP by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 86,046 shares of the software maker’s stock worth $18,138,000 after acquiring an additional 1,100 shares during the period. Euro Pacific Asset Management LLC acquired a new position in SAP during the third quarter worth $1,687,000. Finally, M Holdings Securities Inc. acquired a new position in SAP during the third quarter worth $210,000.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent analyst reports. Grupo Santander downgraded shares of SAP to a “neutral” rating in a report on Tuesday, September 1st. HSBC reissued a “buy” rating on shares of SAP in a research note on Monday, July 27th. BMO Capital Markets upped their price target on shares of SAP from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. raised shares of SAP from a “neutral” rating to an “overweight” rating in a research note on Monday. Finally, Oppenheimer reiterated a “market perform” rating on shares of SAP in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.38.

SAP Stock Up 0.1%

NYSE SAP opened at $234.31 on Friday. The business has a fifty day moving average price of $221.32 and a 200 day moving average price of $192.52. SAP SE has a one year low of $144.97 and a one year high of $255.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $287.86 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.82 and a beta of 1.11.

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.