SAP SE (NYSE:SAP) Shares Acquired by Huntington National Bank

Huntington National Bank boosted its position in SAP SE (NYSE:SAP) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,172 shares of the software maker’s stock after acquiring an additional 235 shares during the period. Huntington National Bank’s holdings in SAP were worth $535,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Centricity Wealth Management LLC acquired a new stake in SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. increased its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Albion Financial Group UT raised its stake in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP in the 4th quarter valued at $42,000.

SAP Stock Performance

Shares of SAP stock opened at $249.38 on Friday. The firm has a market cap of $306.37 billion, a PE ratio of 86.89, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s 50-day simple moving average is $276.41 and its 200-day simple moving average is $253.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last released 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%. Equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised 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 research report on Friday, January 17th. Barclays lifted their price target on shares of 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 raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.