SVB Wealth LLC Takes Position in SAP SE (NYSE:SAP)

SVB Wealth LLC acquired a new position in SAP SE (NYSE:SAP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,345 shares of the software maker’s stock, valued at approximately $824,000.

Several other hedge funds have also recently bought and sold shares of SAP. FMR LLC boosted its stake in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new stake in SAP during the fourth quarter worth approximately $290,023,000. Jennison Associates LLC acquired a new position in SAP during the fourth quarter valued at approximately $47,195,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the period. Finally, WT Asset Management Ltd bought a new position in shares of SAP in the fourth quarter valued at approximately $17,259,000.

SAP Stock Up 2.1 %

SAP opened at $280.81 on Tuesday. The company has a market capitalization of $344.98 billion, a P/E ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm’s fifty day moving average price is $269.83 and its two-hundred day moving average price is $244.75. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

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

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company 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. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.