Corient Private Wealth LLC Buys 9,279 Shares of SAP SE (NYSE:SAP)

Corient Private Wealth LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 32.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,185 shares of the software maker’s stock after acquiring an additional 9,279 shares during the quarter. Corient Private Wealth LLC’s holdings in SAP were worth $9,402,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Holocene Advisors LP bought a new position in shares of SAP in the 3rd quarter valued at about $10,869,000. Atomi Financial Group Inc. boosted its stake in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $271.37 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market capitalization of $333.37 billion, a P/E ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company’s 50 day moving average price is $274.85 and its two-hundred day moving average price is $248.92. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

SAP (NYSE:SAP) last announced 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, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SAP shares. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their price objective 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. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $248.83.

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.