SAP SE (NYSE:SAP) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC grew its position in shares of SAP SE (NYSE:SAP) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,226 shares of the software maker’s stock after purchasing an additional 153 shares during the quarter. DGS Capital Management LLC’s holdings in SAP were worth $302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAP. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the period. Confluence Investment Management LLC grew its position in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc raised its stake in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the period. Finally, Veracity Capital LLC grew its holdings in shares of SAP by 4.9% during the fourth quarter. Veracity Capital LLC now owns 1,132 shares of the software maker’s stock valued at $279,000 after buying an additional 53 shares in the last quarter.

SAP Stock Performance

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

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. Barclays increased their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets boosted their price objective on shares of 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 target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.