TIAA Trust National Association Has $338,000 Stock Holdings in SAP SE (NYSE:SAP)

TIAA Trust National Association raised its stake in shares of SAP SE (NYSE:SAP) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,373 shares of the software maker’s stock after buying an additional 214 shares during the period. TIAA Trust National Association’s holdings in SAP were worth $338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Holocene Advisors LP acquired a new stake in SAP in the third quarter valued at approximately $10,869,000. Atomi Financial Group Inc. lifted 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 holdings in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. increased its position in SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after buying an additional 249,824 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of analyst reports. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities boosted their price objective 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. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

NYSE:SAP opened at $267.83 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market cap of $329.03 billion, a P/E ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. The company has a fifty day moving average price of $277.05 and a 200 day moving average price of $251.46. SAP SE has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.