Corient Private Wealth LLC Has $9.40 Million Holdings in SAP SE (NYSE:SAP)

Corient Private Wealth LLC grew its holdings in SAP SE (NYSE:SAP) by 32.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,185 shares of the software maker’s stock after acquiring an additional 9,279 shares during the quarter. Corient Private Wealth LLC’s holdings in SAP were worth $9,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gitterman Wealth Management LLC raised its holdings in shares of SAP by 9.1% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,283 shares of the software maker’s stock valued at $316,000 after purchasing an additional 107 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in SAP by 79.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 31,396 shares of the software maker’s stock worth $7,730,000 after buying an additional 13,902 shares during the last quarter. Choate Investment Advisors acquired a new position in SAP during the fourth quarter worth $434,000. Natixis Advisors LLC increased its holdings in SAP by 39.8% during the fourth quarter. Natixis Advisors LLC now owns 407,974 shares of the software maker’s stock worth $100,447,000 after buying an additional 116,119 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in SAP during the fourth quarter worth $7,830,000.

SAP Price Performance

NYSE:SAP opened at $271.37 on Thursday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a market cap of $333.37 billion, a P/E ratio of 94.55, a P/E/G ratio of 4.71 and a beta of 1.25. The firm’s fifty day moving average price is $274.85 and its two-hundred day moving average price is $248.92. 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 released its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $248.83.

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.