BlackRock Inc. Purchases 1029 Shares of SAP SE (NYSE:SAP)

BlackRock Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 318.6% during the second quarter, according to its most recent disclosure with …

SAP logoBlackRock Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 318.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,352 shares of the software maker’s stock after purchasing an additional 1,029 shares during the period. BlackRock Inc.’s holdings in SAP were worth $185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Fisher Asset Management LLC raised its position in SAP by 3.6% in the second quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after acquiring an additional 256,923 shares during the period. Jennison Associates LLC raised its position in SAP by 524.2% in the second quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock worth $416,083,000 after acquiring an additional 2,554,263 shares during the period. Northern Trust Corp raised its position in SAP by 2.3% in the second quarter. Northern Trust Corp now owns 1,707,920 shares of the software maker’s stock worth $233,644,000 after acquiring an additional 37,950 shares during the period. Sustainable Growth Advisers LP raised its position in SAP by 5.3% in the second quarter. Sustainable Growth Advisers LP now owns 1,427,938 shares of the software maker’s stock worth $195,342,000 after acquiring an additional 71,681 shares during the period. Finally, Wells Fargo & Company MN raised its position in SAP by 2.7% in the second quarter. Wells Fargo & Company MN now owns 1,317,794 shares of the software maker’s stock worth $180,274,000 after acquiring an additional 34,956 shares during the period. 5.01% of the stock is currently owned by institutional investors.

SAP has been the topic of several research reports. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Friday, October 11th. Baader Bank reiterated a “neutral” rating and issued a $125.00 target price on shares of SAP in a research note on Monday. Deutsche Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $130.00 target price on shares of SAP in a research note on Monday, October 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a $130.00 target price on shares of SAP in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $126.65.

SAP opened at $132.58 on Friday. The company has a market capitalization of $157.24 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $122.72 and a 200-day moving average price of $124.93. SAP SE has a twelve month low of $94.81 and a twelve month high of $140.62.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.11 by $0.19. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. SAP’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, sell-side analysts expect that SAP SE will post 4.46 earnings per share for the current fiscal year.

About SAP

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.

See Also: Why Net Income is Important to Investors

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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