Brighton Jones LLC Boosts Stake in SAP SE (NYSE:SAP)

Brighton Jones LLC raised its position in shares of SAP SE (NYSE:SAP) by 91.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,633 shares of the software maker’s stock after purchasing an additional 1,255 shares during the quarter. Brighton Jones LLC’s holdings in SAP were worth $648,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAP. FMR LLC grew its holdings in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. lifted its position in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SAP by 1.4% in the 3rd 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 in the last quarter. Stifel Financial Corp increased its holdings in shares of SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after buying an additional 23,352 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after acquiring an additional 15,604 shares during the last quarter.

SAP Trading Up 0.4 %

SAP stock opened at $276.41 on Friday. SAP SE has a 12 month low of $172.32 and a 12 month high of $277.36. The firm’s 50-day moving average is $249.60 and its 200 day moving average is $230.29. The company has a market capitalization of $339.56 billion, a PE ratio of 110.56, a P/E/G ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SAP. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays increased their target price on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $264.50.

SAP Company 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.