SAP SE (NYSE:SAP) Shares Acquired by Dash Acquisitions Inc.

Dash Acquisitions Inc. boosted its stake in SAP SE (NYSE:SAP) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,537 shares of the software maker’s stock after acquiring an additional 437 shares during the period. SAP comprises approximately 4.5% of Dash Acquisitions Inc.’s portfolio, making the stock its 9th largest position. Dash Acquisitions Inc.’s holdings in SAP were worth $19,829,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in shares of SAP in the 4th quarter valued at $27,000. Albion Financial Group UT grew its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new position in SAP in the third quarter valued at $42,000. Financial Management Professionals Inc. raised its holdings in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after buying an additional 103 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP during the third quarter worth about $47,000.

SAP Stock Down 1.5 %

Shares of NYSE SAP opened at $288.23 on Thursday. The firm has a 50-day moving average price of $264.61 and a 200 day moving average price of $240.26. SAP SE has a 52 week low of $174.88 and a 52 week high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $354.09 billion, a price-to-earnings ratio of 100.43, a price-to-earnings-growth ratio of 4.79 and a beta of 1.23.

SAP (NYSE:SAP) last posted its 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 return on equity of 12.18% and a net margin of 9.17%. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average 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.