31,804 Shares in SAP SE (NYSE:SAP) Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new position in shares of SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 31,804 shares of the software maker’s stock, valued at approximately $7,830,000.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC increased its holdings 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 during the last quarter. Fisher Asset Management LLC increased its holdings in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $290,023,000. Raymond James Financial Inc. acquired a new position in shares of SAP during the 4th quarter worth approximately $150,668,000. Finally, Principal Financial Group Inc. increased its holdings in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

NYSE:SAP opened at $264.05 on Friday. The stock has a fifty day moving average price of $273.62 and a 200-day moving average price of $247.62. The company has a market cap of $324.38 billion, a price-to-earnings ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last released 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 analysts anticipate that SAP SE will post 6.55 EPS 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.