Comerica Bank Grows Stake in SAP SE (SAP)

Comerica Bank lifted its position in shares of SAP SE (NYSE:SAP) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 193,140 shares of the software maker’s stock after buying an additional 4,506 shares during the quarter. Comerica Bank’s holdings in SAP were worth $20,808,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAP. FMR LLC raised its stake in shares of SAP by 17.4% during the 2nd quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock worth $281,582,000 after buying an additional 360,669 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of SAP by 7,785.3% during the 1st quarter. Principal Financial Group Inc. now owns 354,838 shares of the software maker’s stock worth $37,315,000 after buying an additional 350,338 shares during the last quarter. Morgan Stanley raised its stake in shares of SAP by 34.2% during the 2nd quarter. Morgan Stanley now owns 1,318,602 shares of the software maker’s stock worth $152,509,000 after buying an additional 335,687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SAP by 3,290.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 281,400 shares of the software maker’s stock worth $32,547,000 after buying an additional 273,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of SAP by 221.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 337,173 shares of the software maker’s stock worth $38,998,000 after buying an additional 232,316 shares during the last quarter. 4.52% of the stock is owned by institutional investors and hedge funds.

Shares of SAP stock opened at $107.63 on Friday. SAP SE has a twelve month low of $99.20 and a twelve month high of $127.16. The stock has a market capitalization of $132.22 billion, a P/E ratio of 25.09, a PEG ratio of 3.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.13 and a quick ratio of 1.13.

SAP (NYSE:SAP) last announced its earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.64%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that SAP SE will post 4.29 EPS for the current year.

Several research analysts have recently issued reports on SAP shares. ValuEngine raised SAP from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Oppenheimer boosted their target price on shares of SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 18th. Royal Bank of Canada reissued a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. Deutsche Bank reissued a “buy” rating on shares of SAP in a research note on Friday, July 20th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $112.89.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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