SAP SE (NYSE:SAP) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of SAP SE (NYSE:SAP) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 11,290 shares of the software maker’s stock after purchasing an additional 258 shares during the period. Sequoia Financial Advisors LLC’s holdings in SAP were worth $2,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the 4th quarter worth about $27,000. Albion Financial Group UT boosted its position in shares of 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 acquiring an additional 71 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of SAP during the 4th quarter worth about $42,000. Finally, Brooklyn Investment Group acquired a new position in shares of SAP during the 3rd quarter worth about $42,000.

SAP Stock Up 3.5 %

SAP opened at $264.05 on Friday. The business has a 50 day moving average price of $273.62 and a two-hundred day moving average price of $247.62. 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 company 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. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SAP shares. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average 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.