Private Trust Co. NA Raises Holdings in SAP SE $SAP

Private Trust Co. NA boosted its stake in shares of SAP SE (NYSE:SAP) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,455 shares of the software maker’s stock after purchasing an additional 124 shares during the quarter. Private Trust Co. NA’s holdings in SAP were worth $442,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC increased its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of SAP in the 2nd quarter valued at about $31,000. Dagco Inc. purchased a new position in shares of SAP in the 1st quarter valued at about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of SAP in the 1st quarter valued at about $53,000.

SAP Stock Up 1.1%

SAP stock opened at $272.84 on Monday. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28. The stock has a 50 day moving average of $269.74 and a two-hundred day moving average of $282.57. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $335.18 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 4.06 and a beta of 1.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAP. JMP Securities increased their price objective on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $281.67.

SAP Company 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.