70,100 Shares in SAP SE (NYSE:SAP) Purchased by WT Asset Management Ltd

WT Asset Management Ltd purchased a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 70,100 shares of the software maker’s stock, valued at approximately $17,259,000. SAP comprises 1.9% of WT Asset Management Ltd’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in shares of SAP during the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the 4th quarter valued at $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of SAP in the 3rd quarter worth $42,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after purchasing an additional 103 shares during the last quarter.

SAP Stock Up 2.0 %

SAP stock opened at $278.07 on Wednesday. SAP SE has a fifty-two week low of $173.09 and a fifty-two week high of $280.53. The stock has a fifty day moving average of $254.57 and a 200-day moving average of $233.81. The company has a market capitalization of $341.61 billion, a price-to-earnings ratio of 96.89, a PEG ratio of 4.53 and a beta of 1.23. 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 posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts predict that SAP SE will post 6.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SAP shares. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.