Ieq Capital LLC Buys 632 Shares of SAP SE (NYSE:SAP)

Ieq Capital LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,203 shares of the software maker’s stock after buying an additional 632 shares during the period. Ieq Capital LLC’s holdings in SAP were worth $2,512,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Holocene Advisors LP purchased a new position in shares of SAP in the 3rd quarter worth about $10,869,000. Atomi Financial Group Inc. lifted its stake in shares of SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of SAP by 208.2% during 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 last quarter. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 7,667 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 shares in the last quarter.

SAP Price Performance

Shares of SAP stock opened at $282.87 on Monday. The stock has a market cap of $347.50 billion, a P/E ratio of 98.56, 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 quick ratio of 1.10 and a current ratio of 1.12. The stock’s fifty day moving average is $265.88 and its 200 day moving average is $241.73. SAP SE has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 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%. Sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAP. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets raised 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. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $248.83.

About SAP

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.