SAP SE (SAP) Stake Increased by Morgan Stanley
Morgan Stanley raised its position in shares of SAP SE (NYSE:SAP) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,318,602 shares of the software maker’s stock after buying an additional 335,687 shares during the period. Morgan Stanley owned about 0.11% of SAP worth $152,509,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of SAP by 1.9% during the first quarter. Fisher Asset Management LLC now owns 6,982,476 shares of the software maker’s stock worth $734,277,000 after buying an additional 131,728 shares in the last quarter. FMR LLC increased its holdings in shares of SAP by 17.4% during the second 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 in the last quarter. Northern Trust Corp increased its holdings in shares of SAP by 6.2% during the first quarter. Northern Trust Corp now owns 1,564,517 shares of the software maker’s stock worth $164,525,000 after buying an additional 90,998 shares in the last quarter. Cambiar Investors LLC increased its holdings in shares of SAP by 0.5% during the second quarter. Cambiar Investors LLC now owns 1,431,160 shares of the software maker’s stock worth $165,528,000 after buying an additional 7,503 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of SAP by 5.1% during the second quarter. Wells Fargo & Company MN now owns 1,280,842 shares of the software maker’s stock worth $148,142,000 after buying an additional 62,618 shares in the last quarter. 4.53% of the stock is owned by institutional investors.
SAP has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of SAP in a report on Friday, June 1st. They set a “buy” rating and a $140.00 price objective for the company. Oppenheimer raised their price target on shares of SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, July 18th. Zacks Investment Research raised shares of SAP from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine raised shares of SAP from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Finally, Deutsche Bank reissued a “buy” rating on shares of SAP in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $113.70.
SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, July 19th. The software maker reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. SAP had a net margin of 17.92% and a return on equity of 18.07%. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.90 billion. During the same period last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. equities analysts predict that SAP SE will post 4.39 earnings per share for the current fiscal year.
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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