Peapack Gladstone Financial Corp Has $426,000 Stock Holdings in SAP SE (NYSE:SAP)

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Peapack Gladstone Financial Corp boosted its holdings in shares of SAP SE (NYSE:SAP) by 3.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,115 shares of the software maker’s stock after acquiring an additional 115 shares during the period. Peapack Gladstone Financial Corp’s holdings in SAP were worth $426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Jennison Associates LLC grew its holdings in SAP by 524.2% during the 2nd quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock worth $416,083,000 after acquiring an additional 2,554,263 shares during the period. Lazard Asset Management LLC grew its holdings in SAP by 326.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock worth $203,849,000 after acquiring an additional 1,351,984 shares during the period. Holocene Advisors LP acquired a new stake in SAP during the 2nd quarter worth $76,517,000. GQG Partners LLC grew its holdings in SAP by 12.2% during the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock worth $287,266,000 after acquiring an additional 270,941 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in SAP by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after acquiring an additional 256,923 shares during the period. 4.89% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the stock. Barclays lowered their target price on shares of SAP from $143.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, July 19th. DZ Bank reissued a “buy” rating on shares of SAP in a research report on Thursday, September 12th. BMO Capital Markets set a $140.00 price target on shares of SAP and gave the stock a “hold” rating in a research report on Friday, July 19th. HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $125.63.

Shares of NYSE SAP traded down $2.33 during midday trading on Wednesday, reaching $116.35. 4,459 shares of the stock were exchanged, compared to its average volume of 497,919. The business has a 50-day simple moving average of $119.49 and a two-hundred day simple moving average of $122.81. The company has a market capitalization of $142.52 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 2.65 and a beta of 1.10. SAP SE has a 12 month low of $94.81 and a 12 month high of $140.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.71 billion. SAP had a net margin of 11.95% and a return on equity of 15.39%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities research analysts expect that SAP SE will post 4.28 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

See Also: SEC Filing

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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