Brooklyn Investment Group Increases Stake in SAP SE (NYSE:SAP)

Brooklyn Investment Group raised its holdings in shares of SAP SE (NYSE:SAP) by 426.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 968 shares of the software maker’s stock after purchasing an additional 784 shares during the quarter. Brooklyn Investment Group’s holdings in SAP were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of SAP during the third quarter worth $47,000. Versant Capital Management Inc bought a new position in shares of SAP in the fourth quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SAP in the third quarter valued at $59,000. Finally, Anchor Investment Management LLC raised its stake in shares of SAP by 448.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274 shares of the software maker’s stock valued at $63,000 after purchasing an additional 224 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on SAP. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research note on Friday. Barclays increased their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $263.17.

SAP Stock Up 0.4 %

SAP opened at $262.74 on Friday. The business’s fifty day simple moving average is $245.68 and its 200 day simple moving average is $227.91. SAP SE has a 52 week low of $158.94 and a 52 week high of $264.71. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $322.77 billion, a PE ratio of 105.09, a P/E/G ratio of 3.56 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, research analysts expect that SAP SE will post 4.66 earnings per share for the current fiscal year.

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.