SAP SE (NYSE:SAP) is Coerente Capital Management’s 6th Largest Position

Coerente Capital Management cut its holdings in SAP SE (NYSE:SAP) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,348 shares of the software maker’s stock after selling 401 shares during the period. SAP accounts for 5.2% of Coerente Capital Management’s investment portfolio, making the stock its 6th biggest position. Coerente Capital Management’s holdings in SAP were worth $27,907,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SAP. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 1,158 shares in the last quarter. AQR Capital Management LLC increased its position in shares of SAP by 55.6% during the second quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock valued at $892,000 after buying an additional 1,580 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SAP by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock worth $2,192,000 after buying an additional 287 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of SAP by 21.8% in the second quarter. EP Wealth Advisors LLC now owns 1,694 shares of the software maker’s stock valued at $342,000 after acquiring an additional 303 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in SAP during the second quarter valued at approximately $9,361,000.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $248.83.

SAP Stock Down 1.1 %

Shares of NYSE SAP opened at $276.42 on Friday. The stock has a market capitalization of $339.58 billion, a P/E ratio of 96.31, a PEG ratio of 3.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a one year low of $173.05 and a one year high of $280.53. The firm’s 50 day simple moving average is $253.80 and its two-hundred day simple moving average is $232.85.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%. As a group, analysts expect that SAP SE will post 6.35 EPS for the current fiscal year.

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.