Veracity Capital LLC Grows Stock Holdings in SAP SE (NYSE:SAP)

Veracity Capital LLC boosted its stake in SAP SE (NYSE:SAP) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,132 shares of the software maker’s stock after acquiring an additional 53 shares during the period. Veracity Capital LLC’s holdings in SAP were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of SAP by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after acquiring an additional 1,158 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in SAP by 57.0% in the 2nd quarter. Hsbc Holdings PLC now owns 5,643 shares of the software maker’s stock valued at $1,139,000 after purchasing an additional 2,048 shares in the last quarter. Xponance Inc. increased its position in SAP by 20.8% during the 2nd quarter. Xponance Inc. now owns 1,273 shares of the software maker’s stock worth $257,000 after purchasing an additional 219 shares during the period. Marshall Wace LLP purchased a new position in shares of SAP during the 2nd quarter worth approximately $21,479,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of SAP by 151.4% in the 2nd quarter. Squarepoint Ops LLC now owns 30,324 shares of the software maker’s stock valued at $6,117,000 after buying an additional 18,260 shares during the period.

SAP Stock Up 0.4 %

SAP stock opened at $276.41 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50 day simple moving average is $248.64 and its 200-day simple moving average is $229.78. SAP SE has a 12 month low of $172.32 and a 12 month high of $277.36. The firm has a market capitalization of $339.56 billion, a PE ratio of 110.56, a P/E/G ratio of 3.89 and a beta of 1.22.

Analysts Set New Price Targets

SAP has been the subject of several research analyst reports. Barclays increased their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $264.50.

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.