SAP SE (NYSE:SAP) Shares Purchased by US Bancorp DE

US Bancorp DE grew its stake in shares of SAP SE (NYSE:SAP) by 7.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 138,200 shares of the software maker’s stock after purchasing an additional 9,973 shares during the quarter. US Bancorp DE’s holdings in SAP were worth $34,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new position in SAP during the fourth quarter worth $290,023,000. Fisher Asset Management LLC boosted its holdings in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. Jennison Associates LLC bought a new stake in SAP during the fourth quarter valued at $47,195,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 worth $37,648,000 after purchasing an additional 142,270 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Performance

Shares of SAP stock opened at $275.68 on Friday. The business has a 50 day simple moving average of $269.19 and a 200 day simple moving average of $244.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $338.68 billion, a price-to-earnings ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

SAP (NYSE:SAP) last released its quarterly 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%. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.