SVB Wealth LLC Makes New Investment in SAP SE (NYSE:SAP)

SVB Wealth LLC purchased a new position in SAP SE (NYSE:SAP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,345 shares of the software maker’s stock, valued at approximately $824,000.

A number of other institutional investors have also made changes to their positions in SAP. Janney Capital Management LLC raised its holdings in shares of SAP by 4.4% during the third quarter. Janney Capital Management LLC now owns 1,924 shares of the software maker’s stock worth $441,000 after acquiring an additional 81 shares during the period. Pure Financial Advisors LLC acquired a new stake in SAP during the third quarter worth approximately $232,000. Janney Montgomery Scott LLC increased its stake in shares of SAP by 0.9% during the third quarter. Janney Montgomery Scott LLC now owns 62,580 shares of the software maker’s stock worth $14,337,000 after purchasing an additional 568 shares during the period. QRG Capital Management Inc. grew its holdings in SAP by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 89,751 shares of the software maker’s stock valued at $20,562,000 after buying an additional 3,892 shares in the last quarter. Finally, PDS Planning Inc boosted its position in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after acquiring an additional 51 shares during the period.

SAP Stock Up 2.1 %

SAP stock opened at $280.81 on Tuesday. The firm has a 50-day moving average price of $269.83 and a 200-day moving average price of $244.75. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $344.98 billion, a P/E ratio of 97.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23.

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 analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays increased 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. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.