SAP SE $SAP Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of SAP SE (NYSE:SAP) by 446.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,833 shares of the software maker’s stock after buying an additional 18,651 shares during the quarter. Entropy Technologies LP’s holdings in SAP were worth $6,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First PREMIER Bank purchased a new position in SAP in the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC raised its stake in shares of SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of SAP during the third quarter worth $27,000. Copia Wealth Management purchased a new position in shares of SAP in the third quarter valued at $28,000. Finally, Guerra Advisors Inc purchased a new position in shares of SAP in the third quarter valued at $31,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SAP shares. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Citizens Jmp cut shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Citigroup downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Trading Down 0.4%

NYSE SAP opened at $190.46 on Friday. The company has a market capitalization of $233.98 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a 12 month low of $187.93 and a 12 month high of $313.28. The company’s fifty day moving average price is $214.49 and its two-hundred day moving average price is $242.72.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.