SAP SE $SAP Stock: May Hill Capital LLC Increases Holdings

May Hill Capital LLC raised its position in SAP SE (NYSE:SAP) by 117.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,800 shares of the software maker’s stock after buying an additional 3,130 shares during the quarter. May Hill Capital LLC’s holdings in SAP were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC increased its stake in SAP by 10.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,433 shares of the software maker’s stock valued at $507,000 after acquiring an additional 237 shares during the last quarter. International Assets Investment Management LLC bought a new stake in SAP during the third quarter worth $239,000. Calamos Wealth Management LLC bought a new stake in SAP during the third quarter worth $5,211,000. Calamos Advisors LLC bought a new stake in SAP during the third quarter worth $237,000. Finally, Legacies Wealth LLC acquired a new stake in shares of SAP in the 3rd quarter valued at $56,000.

SAP Price Performance

Shares of SAP traded down $9.96 during trading hours on Friday, reaching $233.57. The stock had a trading volume of 2,404,305 shares, compared to its average volume of 2,498,104. SAP SE has a 12 month low of $144.97 and a 12 month high of $255.90. The stock has a market capitalization of $286.94 billion, a PE ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. 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 company’s 50-day moving average is $219.81 and its two-hundred day moving average is $192.43.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAP shares. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Citigroup reaffirmed a “buy” rating on shares of SAP in a research note on Friday, October 23rd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, August 21st. BMO Capital Markets boosted their target price on SAP from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Finally, Erste Group Bank raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.83.

SAP Company Profile