Wealthspire Advisors LLC Increases Stock Holdings in SAP SE (NYSE:SAP)

Wealthspire Advisors LLC raised its holdings in SAP SE (NYSE:SAP) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,449 shares of the software maker’s stock after buying an additional 163 shares during the quarter. Wealthspire Advisors LLC’s holdings in SAP were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SAP. FMR LLC increased its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of SAP during the fourth quarter valued at $290,023,000. Jennison Associates LLC acquired a new position in shares of SAP in the 4th quarter valued at $47,195,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares during the last quarter. Finally, WT Asset Management Ltd acquired a new stake in SAP during the 4th quarter worth about $17,259,000.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted 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. Barclays increased 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. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Trading Down 4.0 %

SAP stock opened at $274.41 on Friday. The business’s 50-day moving average is $268.63 and its 200 day moving average is $243.35. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The stock has a market cap of $337.12 billion, a price-to-earnings ratio of 95.61, a PEG ratio of 4.71 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal 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.