Polen Capital Management LLC Acquires New Stake in SAP SE (SAP)

Polen Capital Management LLC acquired a new position in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,213 shares of the software maker’s stock, valued at approximately $2,326,000. SAP makes up 0.0% of Polen Capital Management LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Strategic Global Advisors LLC increased its position in shares of SAP by 0.3% in the second quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after acquiring an additional 12 shares in the last quarter. Eaton Vance Management increased its position in shares of SAP by 1.1% in the second quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after acquiring an additional 23 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of SAP by 1.4% in the second quarter. Sawtooth Solutions LLC now owns 3,855 shares of the software maker’s stock worth $404,000 after acquiring an additional 52 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of SAP by 2.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock worth $372,000 after acquiring an additional 79 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of SAP by 2.7% in the second quarter. Bessemer Group Inc. now owns 3,350 shares of the software maker’s stock worth $351,000 after acquiring an additional 88 shares in the last quarter. 3.68% of the stock is owned by institutional investors.

SAP SE (NYSE:SAP) traded down $1.57 during trading on Monday, hitting $111.78. 660,700 shares of the stock were exchanged, compared to its average volume of 706,903. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. SAP SE has a one year low of $81.30 and a one year high of $116.90. The company has a market cap of $137,377.63, a P/E ratio of 31.14, a P/E/G ratio of 3.23 and a beta of 1.13.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP had a net margin of 15.80% and a return on equity of 15.43%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP’s revenue was up 4.0% on a year-over-year basis. equities analysts expect that SAP SE will post 4.13 EPS for the current year.

Several research firms have recently issued reports on SAP. BMO Capital Markets began coverage on shares of SAP in a research report on Friday, October 20th. They issued a “market perform” rating and a $115.00 price objective for the company. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and set a $120.00 price target on shares of SAP in a report on Tuesday, November 14th. Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 16th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Monday, October 16th. Finally, Stifel Nicolaus reaffirmed a “sell” rating and set a $75.00 price target on shares of SAP in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $106.91.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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