Brooklyn Investment Group Buys 784 Shares of SAP SE (NYSE:SAP)

Brooklyn Investment Group increased its stake in shares of SAP SE (NYSE:SAP) by 426.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 968 shares of the software maker’s stock after purchasing an additional 784 shares during the quarter. Brooklyn Investment Group’s holdings in SAP were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SAP. Holocene Advisors LP bought a new position in shares of SAP in the third quarter worth approximately $10,869,000. JPMorgan Chase & Co. grew its holdings in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of SAP by 1,496.4% during the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares during the last quarter. Creative Planning boosted its holdings in shares of SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares during the last quarter.

SAP Trading Up 0.4 %

NYSE:SAP opened at $262.74 on Friday. The firm has a market capitalization of $322.77 billion, a P/E ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a one year low of $158.94 and a one year high of $264.71. The company’s 50-day simple moving average is $245.68 and its 200 day simple moving average is $227.91.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that SAP SE will post 4.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAP. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays boosted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $263.17.

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.