SAP SE (NYSE:SAP) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,290 shares of the software maker’s stock after buying an additional 258 shares during the period. Sequoia Financial Advisors LLC’s holdings in SAP were worth $2,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after buying an additional 38 shares during the last quarter. Lindbrook Capital LLC boosted its stake in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after buying an additional 43 shares during the last quarter. Foster Group Inc. boosted its stake in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital raised its position in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC raised its position in SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares during the period.

Wall Street Analyst Weigh In

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

SAP Price Performance

SAP stock opened at $264.05 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $324.38 billion, a PE ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The business’s fifty day moving average price is $273.62 and its 200 day moving average price is $247.62.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.