Landsberg Bennett & Dubbaneh LLC boosted its stake in SAP SE (NYSE:SAP) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,243 shares of the software maker’s stock after acquiring an additional 97 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in SAP were worth $1,320,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its stake in SAP by 3.6% in the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock valued at $1,013,971,000 after acquiring an additional 256,923 shares during the period. FMR LLC grew its stake in SAP by 6.8% in the 1st quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock valued at $433,659,000 after acquiring an additional 240,014 shares during the period. Jennison Associates LLC grew its stake in SAP by 524.2% in the 2nd quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock valued at $416,083,000 after acquiring an additional 2,554,263 shares during the period. GQG Partners LLC grew its stake in SAP by 12.2% in the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock valued at $287,266,000 after acquiring an additional 270,941 shares during the period. Finally, Northern Trust Corp boosted its stake in SAP by 2.3% during the 2nd quarter. Northern Trust Corp now owns 1,707,920 shares of the software maker’s stock worth $233,644,000 after purchasing an additional 37,950 shares during the last quarter. 5.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SAP stock traded up $10.95 on Friday, hitting $126.20. 2,237,592 shares of the stock traded hands, compared to its average volume of 805,132. The firm’s 50-day moving average price is $118.45 and its two-hundred day moving average price is $123.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $151.89 billion, a PE ratio of 27.86, a PEG ratio of 2.50 and a beta of 1.08. SAP SE has a twelve month low of $94.81 and a twelve month high of $140.62.
SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.71 billion. SAP had a net margin of 11.95% and a return on equity of 15.39%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities research analysts anticipate that SAP SE will post 4.28 EPS for the current fiscal year.
Several brokerages have issued reports on SAP. Deutsche Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Jefferies Financial Group began coverage on shares of SAP in a research note on Monday, July 22nd. They set a “buy” rating on the stock. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Zacks Investment Research cut shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 target price on the stock. in a research note on Tuesday, July 23rd. Finally, DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $125.63.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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