SAP SE (NYSE:SAP) Shares Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management raised its holdings in SAP SE (NYSE:SAP) by 62.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,115 shares of the software maker’s stock after purchasing an additional 1,967 shares during the quarter. Financial Advocates Investment Management’s holdings in SAP were worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Bleakley Financial Group LLC boosted its stake in shares of SAP by 6.0% in the fourth quarter. Bleakley Financial Group LLC now owns 20,250 shares of the software maker’s stock worth $4,986,000 after buying an additional 1,154 shares during the last quarter. Choreo LLC boosted its position in SAP by 17.2% in the 4th quarter. Choreo LLC now owns 24,311 shares of the software maker’s stock worth $6,046,000 after purchasing an additional 3,566 shares in the last quarter. WT Asset Management Ltd purchased a new position in shares of SAP during the 4th quarter valued at approximately $17,259,000. Stratos Wealth Partners LTD. lifted its stake in shares of SAP by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 3,278 shares of the software maker’s stock valued at $807,000 after purchasing an additional 556 shares during the period. Finally, Mather Group LLC. boosted its holdings in SAP by 13.3% during the fourth quarter. Mather Group LLC. now owns 1,950 shares of the software maker’s stock worth $480,000 after buying an additional 229 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on SAP. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets increased 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. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Up 0.0 %

NYSE SAP opened at $283.20 on Friday. The business has a fifty day moving average price of $256.46 and a 200 day moving average price of $234.72. 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 company has a market cap of $347.91 billion, a P/E ratio of 98.68, a P/E/G ratio of 4.53 and a beta of 1.23. SAP SE has a one year low of $173.09 and a one year high of $283.86.

SAP (NYSE:SAP) last posted its quarterly 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%. Research analysts anticipate that SAP SE will post 6.53 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.