Equitable Trust Co. Buys 17,539 Shares of SAP SE (NYSE:SAP)

Equitable Trust Co. grew its stake in shares of SAP SE (NYSE:SAP) by 1,859.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,482 shares of the software maker’s stock after purchasing an additional 17,539 shares during the quarter. Equitable Trust Co.’s holdings in SAP were worth $4,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $204,000. Wingate Wealth Advisors Inc. bought a new stake in shares of SAP during the fourth quarter valued at approximately $65,000. Angeles Wealth Management LLC grew its holdings in shares of SAP by 18.0% in the fourth quarter. Angeles Wealth Management LLC now owns 1,665 shares of the software maker’s stock valued at $410,000 after purchasing an additional 254 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of SAP in the fourth quarter valued at $290,023,000. Finally, Apollon Wealth Management LLC grew its holdings in shares of SAP by 3.9% in the fourth quarter. Apollon Wealth Management LLC now owns 3,505 shares of the software maker’s stock valued at $863,000 after purchasing an additional 130 shares in the last quarter.

Wall Street Analyst Weigh In

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

SAP Stock Down 1.2 %

NYSE SAP opened at $279.76 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $258.32 and a two-hundred day moving average of $235.76. The firm has a market capitalization of $343.68 billion, a price-to-earnings ratio of 97.48, a PEG ratio of 4.63 and a beta of 1.23. SAP SE has a 52 week low of $173.09 and a 52 week high of $283.90.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.