SAP SE (NYSE:SAP) Position Lifted by Dash Acquisitions Inc.

Dash Acquisitions Inc. increased its position in shares of SAP SE (NYSE:SAP) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,537 shares of the software maker’s stock after acquiring an additional 437 shares during the quarter. SAP makes up about 4.5% of Dash Acquisitions Inc.’s portfolio, making the stock its 9th biggest holding. Dash Acquisitions Inc.’s holdings in SAP were worth $19,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SAP. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter worth $27,000. Albion Financial Group UT lifted its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter worth about $42,000. Prospera Private Wealth LLC purchased a new position in SAP during the third quarter worth about $47,000. Finally, Financial Management Professionals Inc. increased its position in shares of SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the last quarter.

SAP Trading Down 1.5 %

NYSE SAP opened at $288.23 on Thursday. SAP SE has a 52 week low of $174.88 and a 52 week high of $293.70. The firm has a 50 day moving average of $264.61 and a two-hundred day moving average of $240.26. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $354.09 billion, a PE ratio of 100.43, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAP. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $248.83.

About SAP

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.