SAP SE (NYSE:SAP) Shares Bought by Summitry LLC

Summitry LLC increased its holdings in SAP SE (NYSE:SAP) by 20.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,736 shares of the software maker’s stock after acquiring an additional 300 shares during the quarter. Summitry LLC’s holdings in SAP were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. Centricity Wealth Management LLC purchased a new position in shares of SAP during the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of SAP in the 4th quarter worth about $27,000. Rakuten Securities Inc. raised its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Albion Financial Group UT lifted its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in SAP in the third quarter worth about $42,000.

SAP Stock Up 1.7 %

SAP stock opened at $280.39 on Wednesday. The firm has a market capitalization of $344.46 billion, a P/E ratio of 97.70, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a 50-day simple moving average of $276.70 and a 200-day simple moving average of $250.85. SAP SE has a one year low of $175.08 and a one year high of $293.70. 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 (NYSE:SAP) last announced its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.