Shares of SAP SE (NYSE:SAP - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $231.31 and last traded at $231.05, with a volume of 42398 shares changing hands. The stock had previously closed at $228.15.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SAP shares. TD Cowen boosted their price objective on SAP from $188.00 to $214.00 and gave the company a "hold" rating in a research report on Tuesday, July 23rd. JMP Securities increased their price target on shares of SAP from $220.00 to $245.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 23rd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their target price on shares of SAP from $237.00 to $248.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Finally, Barclays boosted their price target on SAP from $251.00 to $252.00 and gave the company an "overweight" rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, SAP has a consensus rating of "Moderate Buy" and a consensus target price of $232.17.

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $283.06 billion, a PE ratio of 49.49, a P/E/G ratio of 4.32 and a beta of 1.25. The business has a fifty day simple moving average of $218.72 and a two-hundred day simple moving average of $202.24.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Research analysts forecast that SAP SE will post 4.78 earnings per share for the current year.

Hedge Funds Weigh In On SAP

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. Creative Planning increased its position in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after buying an additional 14,546 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of SAP by 4.6% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the software maker's stock worth $675,000 after acquiring an additional 129 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of SAP by 30.0% during the third quarter. Grove Bank & Trust now owns 659 shares of the software maker's stock valued at $151,000 after acquiring an additional 152 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of SAP in the 3rd quarter worth about $213,000. Finally, Johnson Bixby & Associates LLC bought a new position in SAP in the 3rd quarter worth about $206,000.

SAP Company Profile (

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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