SAP SE (NYSE:SAP) Shares Purchased by Choreo LLC

Choreo LLC boosted its holdings in shares of SAP SE (NYSE:SAP) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,311 shares of the software maker’s stock after acquiring an additional 3,566 shares during the period. Choreo LLC’s holdings in SAP were worth $6,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SAP. Godsey & Gibb Inc. acquired a new position in shares of SAP during the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter worth $27,000. Albion Financial Group UT raised its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP in the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP during the third quarter valued at $47,000.

SAP Price Performance

Shares of SAP stock opened at $283.22 on Thursday. The business’s fifty day moving average price is $255.44 and its 200 day moving average price is $234.38. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.41. 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 has a market capitalization of $347.93 billion, a P/E ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, research analysts anticipate that SAP SE will post 6.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAP. Barclays raised their price target 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. BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Kepler Capital Markets upgraded 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.