Calamos Wealth Management LLC Makes New Investment in SAP SE $SAP

Calamos Wealth Management LLC acquired a new stake in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,996 shares of the software maker’s stock, valued at approximately $5,211,000.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in SAP in the 3rd quarter worth approximately $30,000. Continuum Advisory LLC purchased a new position in shares of SAP during the second quarter valued at approximately $31,000. Front Row Advisors LLC raised its holdings in shares of SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after acquiring an additional 145 shares in the last quarter. Signature Equity Partners LLC lifted its stake in SAP by 75.6% in the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after acquiring an additional 68 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in SAP in the third quarter valued at $34,000.

SAP Stock Down 4.1%

Shares of SAP stock traded down $9.96 during trading hours on Friday, hitting $233.57. 2,404,305 shares of the company’s stock traded hands, compared to its average volume of 2,498,104. The stock’s fifty day simple moving average is $219.81 and its two-hundred day simple moving average is $192.43. SAP SE has a 12-month low of $144.97 and a 12-month high of $255.90. The stock has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Several brokerages have commented on SAP. UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Barclays lifted their target price on shares of SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Erste Group Bank upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, October 30th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.83.

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