SAP SE (NYSE:SAP) Stake Raised by SRN Advisors LLC

SRN Advisors LLC grew its holdings in SAP SE (NYSE:SAP) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,798 shares of the software maker’s stock after purchasing an additional 500 shares during the period. SAP comprises 1.3% of SRN Advisors LLC’s portfolio, making the stock its 19th largest holding. SRN Advisors LLC’s holdings in SAP were worth $1,428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SAP. Foster Group Inc. boosted its holdings in shares of 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 buying an additional 45 shares during the period. Wedmont Private Capital lifted its position in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares during the last quarter. Addison Advisors LLC boosted its holdings in SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after acquiring an additional 46 shares during the period. Confluence Investment Management LLC grew its position in shares of 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 purchasing an additional 49 shares during the last quarter. Finally, PDS Planning Inc increased its stake in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the period.

SAP Stock Down 0.4 %

Shares of NYSE:SAP opened at $285.82 on Thursday. The company’s fifty day moving average is $268.06 and its 200-day moving average is $243.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a market capitalization of $351.13 billion, a PE ratio of 99.59, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAP. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $248.83.

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.