Natixis Advisors LLC Has $110.92 Million Position in SAP SE $SAP

Natixis Advisors LLC boosted its holdings in SAP SE (NYSE:SAP) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,087 shares of the software maker’s stock after acquiring an additional 9,195 shares during the quarter. Natixis Advisors LLC’s holdings in SAP were worth $110,915,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional lifted its stake in SAP by 2.0% during the third quarter. CX Institutional now owns 1,961 shares of the software maker’s stock worth $524,000 after purchasing an additional 38 shares during the period. Kathmere Capital Management LLC grew its stake in shares of SAP by 1.0% in the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 40 shares during the period. Certuity LLC grew its stake in shares of SAP by 2.4% in the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock valued at $568,000 after purchasing an additional 43 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of SAP by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after buying an additional 43 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of SAP by 22.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 244 shares of the software maker’s stock worth $65,000 after buying an additional 44 shares during the period.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 30th. HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Citigroup downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Finally, Barclays set a $283.00 target price on shares of SAP in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Trading Up 1.3%

SAP stock opened at $202.09 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP SE has a twelve month low of $187.93 and a twelve month high of $313.28. The company has a market cap of $248.27 billion, a P/E ratio of 28.67, a PEG ratio of 2.25 and a beta of 1.18. The business has a fifty day moving average of $218.45 and a 200-day moving average of $244.46.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 earnings per share. As a group, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

About SAP

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.