Aaron Wealth Advisors LLC Has $2.12 Million Holdings in SAP SE (NYSE:SAP)

Aaron Wealth Advisors LLC lifted its stake in SAP SE (NYSE:SAP) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,610 shares of the software maker’s stock after buying an additional 521 shares during the period. Aaron Wealth Advisors LLC’s holdings in SAP were worth $2,120,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Riversedge Advisors LLC lifted its holdings in shares of SAP by 21.3% during the 4th quarter. Riversedge Advisors LLC now owns 1,145 shares of the software maker’s stock worth $282,000 after acquiring an additional 201 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of SAP by 104.0% in the 4th 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 in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of SAP by 75.3% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 10,907 shares of the software maker’s stock worth $2,685,000 after purchasing an additional 4,685 shares in the last quarter. Brooklyn Investment Group increased its position in shares of SAP by 426.1% during the 4th quarter. Brooklyn Investment Group now owns 968 shares of the software maker’s stock worth $238,000 after purchasing an additional 784 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in SAP in the fourth quarter valued at about $654,000.

Analysts Set New Price Targets

A number of research firms recently commented on SAP. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research report on Friday. Barclays upped their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and an average target price of $263.17.

SAP Price Performance

Shares of SAP opened at $262.74 on Friday. The stock has a market cap of $322.77 billion, a P/E ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. SAP SE has a 1 year low of $158.94 and a 1 year high of $264.71. The stock’s 50-day moving average price is $245.68 and its two-hundred day moving average price is $227.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. On average, equities analysts predict that SAP SE will post 4.66 earnings per share 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.