Gitterman Wealth Management LLC Has $316,000 Position in SAP SE (NYSE:SAP)

Gitterman Wealth Management LLC raised its holdings in SAP SE (NYSE:SAP) by 9.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,283 shares of the software maker’s stock after acquiring an additional 107 shares during the quarter. Gitterman Wealth Management LLC’s holdings in SAP were worth $316,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the period. WCM Investment Management LLC bought a new stake in shares of SAP during the 4th quarter worth approximately $290,023,000. Raymond James Financial Inc. acquired a new position in SAP during the 4th quarter worth approximately $150,668,000. Finally, Principal Financial Group Inc. increased its position in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares in the last quarter.

SAP Price Performance

SAP stock opened at $264.05 on Friday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The stock has a market cap of $324.38 billion, a PE ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. The firm has a 50 day simple moving average of $273.62 and a two-hundred day simple moving average of $247.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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, analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAP. BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays upped their price objective 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus price target of $248.83.

About SAP

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.