Apollon Wealth Management LLC Grows Stake in SAP SE (NYSE:SAP)

Apollon Wealth Management LLC lifted its position in SAP SE (NYSE:SAP) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,505 shares of the software maker’s stock after buying an additional 130 shares during the period. Apollon Wealth Management LLC’s holdings in SAP were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of SAP. FMR LLC lifted its position in SAP by 22.3% during the third 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. Jennison Associates LLC purchased a new position in SAP during the fourth quarter valued at $47,195,000. International Assets Investment Management LLC purchased a new position in SAP during the third quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in SAP during the third quarter valued at $17,376,000.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Up 3.0 %

Shares of SAP stock opened at $289.13 on Wednesday. SAP SE has a 12-month low of $173.09 and a 12-month high of $289.53. 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 stock’s 50-day moving average price is $259.11 and its 200-day moving average price is $236.44. The stock has a market capitalization of $355.20 billion, a price-to-earnings ratio of 100.74, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts predict 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.