SAP SE (NYSE:SAP) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 14,257 shares of the software maker’s stock after purchasing an additional 662 shares during the period. Advisors Asset Management Inc.’s holdings in SAP were worth $3,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Holocene Advisors LP acquired a new position in shares of SAP during the 3rd quarter valued at $10,869,000. Atomi Financial Group Inc. raised its position in SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after buying an additional 249,824 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $271.74 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s 50-day simple moving average is $275.21 and its 200-day simple moving average is $249.08. The firm has a market cap of $333.84 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released 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 analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of a number of analyst reports. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market 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 research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. 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 report on Thursday, January 30th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price 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.