Gitterman Wealth Management LLC Has $316,000 Stock Holdings in SAP SE (NYSE:SAP)

Gitterman Wealth Management LLC raised its position in shares of SAP SE (NYSE:SAP) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,283 shares of the software maker’s stock after buying an additional 107 shares during the period. Gitterman Wealth Management LLC’s holdings in SAP were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of SAP by 79.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 31,396 shares of the software maker’s stock worth $7,730,000 after buying an additional 13,902 shares in the last quarter. Choate Investment Advisors acquired a new stake in shares of SAP during the fourth quarter worth approximately $434,000. Natixis Advisors LLC increased its holdings in shares of SAP by 39.8% during the fourth quarter. Natixis Advisors LLC now owns 407,974 shares of the software maker’s stock worth $100,447,000 after buying an additional 116,119 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of SAP in the fourth quarter valued at approximately $7,830,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $2,510,000.

SAP Trading Up 3.5 %

Shares of NYSE SAP opened at $264.05 on Friday. The company’s fifty day moving average is $273.62 and its 200-day moving average is $247.83. The stock has a market cap of $324.38 billion, a price-to-earnings ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, JMP Securities raised their price objective 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.