Lake Street Advisors Group LLC Purchases 183 Shares of SAP SE (NYSE:SAP)

Lake Street Advisors Group LLC boosted its position in shares of SAP SE (NYSE:SAP) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,259 shares of the software maker’s stock after buying an additional 183 shares during the quarter. Lake Street Advisors Group LLC’s holdings in SAP were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of SAP in the 3rd quarter valued at about $10,869,000. Atomi Financial Group Inc. raised its stake 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 buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC raised its stake in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. lifted 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 valued at $125,654,000 after buying an additional 7,667 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 8,380 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

Shares of SAP stock opened at $286.94 on Wednesday. The company has a 50-day simple moving average of $267.23 and a two-hundred day simple moving average of $242.84. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The stock has a market capitalization of $352.51 billion, a price-to-earnings ratio of 99.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Analysts forecast that SAP SE will post 6.55 EPS for the current year.

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.