Creative Planning Has $1.57 Million Holdings in SAP SE (SAP)

Creative Planning raised its stake in SAP SE (NYSE:SAP) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,721 shares of the software maker’s stock after acquiring an additional 1,373 shares during the quarter. Creative Planning’s holdings in SAP were worth $1,565,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CSat Investment Advisory L.P. acquired a new position in SAP in the second quarter valued at approximately $5,382,000. Investment House LLC lifted its holdings in SAP by 2.0% in the second quarter. Investment House LLC now owns 56,108 shares of the software maker’s stock valued at $6,489,000 after acquiring an additional 1,091 shares during the period. Sawtooth Solutions LLC lifted its holdings in SAP by 17.3% in the second quarter. Sawtooth Solutions LLC now owns 4,488 shares of the software maker’s stock valued at $519,000 after acquiring an additional 661 shares during the period. Timber Hill LLC acquired a new position in SAP in the second quarter valued at approximately $821,000. Finally, Hilltop Holdings Inc. acquired a new position in SAP in the second quarter valued at approximately $245,000. 4.52% of the stock is owned by institutional investors.

Shares of SAP stock opened at $107.26 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $129.50 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 3.32 and a beta of 1.23. SAP SE has a 1-year low of $99.20 and a 1-year high of $127.16.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 18th. The software maker reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. SAP had a return on equity of 17.64% and a net margin of 17.57%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.99 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that SAP SE will post 4.29 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on SAP. Zacks Investment Research downgraded SAP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Barclays reduced their target price on SAP from $134.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, July 20th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, July 20th. Royal Bank of Canada reaffirmed a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. Finally, ValuEngine downgraded SAP from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $112.89.

SAP Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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