965 Shares in SAP SE (NYSE:SAP) Acquired by Brentview Investment Management LLC

Brentview Investment Management LLC purchased a new position in shares of SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 965 shares of the software maker’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in SAP by 2.6% during the 2nd 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 raised its position in SAP by 55.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock valued at $892,000 after purchasing an additional 1,580 shares in the last quarter. SG Americas Securities LLC raised its position in SAP by 109.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,425 shares of the software maker’s stock valued at $4,221,000 after purchasing an additional 9,629 shares in the last quarter. GAMMA Investing LLC raised its position in SAP by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,668 shares of the software maker’s stock valued at $840,000 after purchasing an additional 743 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in SAP during the 3rd quarter valued at $2,631,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SAP. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of SAP opened at $276.42 on Monday. The stock has a 50-day moving average of $253.80 and a two-hundred day moving average of $233.05. SAP SE has a one year low of $173.05 and a one year high of $280.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a market cap of $339.58 billion, a P/E ratio of 96.31, a P/E/G ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly 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 12.18% and a net margin of 9.17%. As a group, research analysts predict that SAP SE will post 6.53 EPS for the current 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.