Saturna Capital CORP Boosts Holdings in SAP SE (NYSE:SAP)

Saturna Capital CORP increased its stake in shares of SAP SE (NYSE:SAP) by 4.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 330,442 shares of the software maker’s stock after buying an additional 12,850 shares during the quarter. Saturna Capital CORP’s holdings in SAP were worth $45,204,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of SAP by 23.5% in the second quarter. Signaturefd LLC now owns 4,406 shares of the software maker’s stock valued at $603,000 after acquiring an additional 839 shares during the period. Advisor Group Inc. boosted its position in shares of SAP by 14.8% in the second quarter. Advisor Group Inc. now owns 20,875 shares of the software maker’s stock valued at $2,857,000 after acquiring an additional 2,686 shares during the period. Cookson Peirce & Co. Inc. bought a new position in shares of SAP in the second quarter valued at approximately $235,000. Sequoia Financial Advisors LLC boosted its position in shares of SAP by 3.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,365 shares of the software maker’s stock valued at $460,000 after acquiring an additional 117 shares during the period. Finally, Aperio Group LLC boosted its position in shares of SAP by 13.2% in the second quarter. Aperio Group LLC now owns 425,318 shares of the software maker’s stock valued at $58,183,000 after acquiring an additional 49,616 shares during the period. Institutional investors and hedge funds own 5.00% of the company’s stock.

A number of equities analysts have recently commented on SAP shares. Argus restated a “buy” rating on shares of SAP in a research report on Wednesday, May 1st. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Royal Bank of Canada upgraded shares of SAP from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $133.00 to $167.00 in a research report on Monday, April 29th. Deutsche Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Barclays dropped their target price on shares of SAP from $143.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $125.63.

SAP stock traded up $1.85 during mid-day trading on Tuesday, hitting $120.95. 22,126 shares of the company traded hands, compared to its average volume of 852,520. SAP SE has a one year low of $94.81 and a one year high of $140.62. The firm has a market capitalization of $147.11 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $129.87.

SAP (NYSE:SAP) last announced its earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business posted $0.98 earnings per share. SAP’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that SAP SE will post 4.28 EPS for the current fiscal year.

SAP 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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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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