2,414 Shares in SAP SE $SAP Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. bought a new stake in SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,414 shares of the software maker’s stock, valued at approximately $503,000.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in SAP during the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SAP in the 3rd quarter valued at about $34,000. Front Row Advisors LLC lifted its stake in shares of SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after acquiring an additional 145 shares during the period. West Financial Advisors LLC acquired a new stake in SAP during the 3rd quarter valued at approximately $41,000. Finally, Continuum Advisory LLC bought a new position in SAP during the 2nd quarter worth approximately $31,000.

SAP Stock Up 4.2%

SAP opened at $239.89 on Thursday. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $264.10. The firm’s fifty day moving average is $218.93 and its 200 day moving average is $192.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $294.70 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.78 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAP shares. BMO Capital Markets upped their price objective on shares of SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Citigroup restated a “buy” rating on shares of SAP in a research report on Friday, October 23rd. Weiss Ratings downgraded SAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. UBS Group lowered SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Argus set a $265.00 target price on SAP in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $258.83.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.