Fisher Asset Management LLC Acquires 403,956 Shares of SAP SE (NYSE:SAP)

Fisher Asset Management LLC raised its holdings in SAP SE (NYSE:SAP) by 8.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,118,138 shares of the software maker’s stock after purchasing an additional 403,956 shares during the period. Fisher Asset Management LLC’s holdings in SAP were worth $1,260,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in SAP in the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the 4th quarter valued at $27,000. Albion Financial Group UT increased its holdings in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in SAP in the 3rd quarter valued at $42,000. Finally, Financial Management Professionals Inc. increased its holdings in SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after buying an additional 103 shares during the period.

Analyst Upgrades and Downgrades

SAP has been the topic of several analyst reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities upped their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Up 0.4 %

Shares of NYSE SAP opened at $275.68 on Friday. The firm’s 50-day simple moving average is $269.19 and its 200 day simple moving average is $243.84. The company has a market cap of $338.68 billion, a price-to-earnings ratio of 96.06, 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 SE has a 12-month low of $175.08 and a 12-month high of $293.70.

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 return on equity of 12.18% and a net margin of 9.17%. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.