6,232 SAP SE $SAP Shares Acquired by Lido Advisors LLC

Lido Advisors LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 32.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,161 shares of the software maker’s stock after purchasing an additional 6,232 shares during the period. Lido Advisors LLC’s holdings in SAP were worth $5,246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAP. Bank of America Corp DE grew its stake in SAP by 15.9% during the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after buying an additional 276,263 shares during the last quarter. Tidal Investments LLC increased its position in SAP by 18.5% during the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after buying an additional 189,591 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in SAP in the first quarter valued at about $150,701,000. Ruane Cunniff & Goldfarb L.P. raised its stake in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after buying an additional 703,982 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in SAP by 48.2% in the first quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock valued at $94,257,000 after buying an additional 179,040 shares during the last quarter.

SAP Price Performance

NYSE SAP opened at $234.31 on Friday. The company has a market cap of $287.86 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.82 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $221.32 and its 200 day moving average price is $192.52. SAP SE has a 1 year low of $144.97 and a 1 year high of $255.90.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SAP shares. HSBC restated a “buy” rating on shares of SAP in a research note on Monday, July 27th. 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. Argus set a $265.00 price objective on shares of SAP in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $258.38.

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.