SAP SE $SAP Shares Acquired by May Hill Capital LLC

May Hill Capital LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 117.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,800 shares of the software maker’s stock after purchasing 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its holdings in shares of SAP by 10.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,433 shares of the software maker’s stock worth $507,000 after buying an additional 237 shares during the period. International Assets Investment Management LLC acquired a new stake in SAP during the third quarter worth approximately $239,000. Calamos Wealth Management LLC acquired a new stake in SAP during the third quarter worth approximately $5,211,000. Calamos Advisors LLC bought a new stake in shares of SAP during the third quarter worth approximately $237,000. Finally, Legacies Wealth LLC bought a new stake in shares of SAP during the third quarter worth approximately $56,000.

SAP Price Performance

Shares of SAP stock traded down $9.96 during trading on Friday, hitting $233.57. The company had a trading volume of 2,404,305 shares, compared to its average volume of 2,498,104. The firm has a market capitalization of $286.94 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. SAP SE has a one year low of $144.97 and a one year high of $255.90. 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 stock’s 50-day moving average price is $219.81 and its 200 day moving average price is $192.43.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. Argus set a $265.00 price objective on SAP in a report on Thursday, September 10th. Erste Group Bank raised SAP from a “hold” rating to a “buy” rating in a report on Friday, October 30th. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, October 15th. Finally, Barclays raised their price target on shares of SAP from $243.00 to $288.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.83.

SAP Company Profile