SAP SE (NYSE:SAP) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its position in SAP SE (NYSE:SAP) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,100 shares of the software maker’s stock after buying an additional 600 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in SAP were worth $4,210,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAP. Foster Group Inc. grew its holdings in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital grew its stake in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Confluence Investment Management LLC increased its holdings in SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after buying an additional 49 shares during the last quarter. PDS Planning Inc raised its stake in SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SAP shares. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of SAP stock opened at $276.42 on Friday. The business has a 50 day simple moving average of $253.80 and a 200 day simple moving average of $232.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $339.58 billion, a price-to-earnings ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. SAP SE has a 12-month low of $173.05 and a 12-month high of $280.53.

SAP (NYSE:SAP) last issued its quarterly 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 net margin of 9.17% and a return on equity of 12.42%. On average, equities research analysts anticipate that SAP SE will post 6.35 EPS for the current 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.