SAP SE (NYSE:SAP) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,257 shares of the software maker’s stock after purchasing an additional 662 shares during the period. Advisors Asset Management Inc.’s holdings in SAP were worth $3,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new stake in SAP in the third quarter valued at approximately $210,000. Thrivent Financial for Lutherans boosted its stake in SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker’s stock worth $852,000 after purchasing an additional 1,642 shares during the period. Prospera Private Wealth LLC purchased a new position in SAP during the 3rd quarter worth $47,000. First Horizon Advisors Inc. increased its stake in SAP by 11.0% in the third quarter. First Horizon Advisors Inc. now owns 2,824 shares of the software maker’s stock valued at $647,000 after purchasing an additional 280 shares during the period. Finally, Moors & Cabot Inc. purchased a new stake in shares of SAP in the third quarter valued at about $223,000.

Analyst Ratings Changes

Several brokerages recently issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays raised their target price 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. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Trading Up 0.1 %

Shares of SAP opened at $271.74 on Friday. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. 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 firm has a market capitalization of $333.84 billion, a P/E ratio of 94.68, a PEG ratio of 4.71 and a beta of 1.25. The firm’s 50-day moving average is $275.21 and its two-hundred day moving average is $249.08.

SAP (NYSE:SAP) last released 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%. On average, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.