Ballentine Partners LLC Purchases 813 Shares of SAP SE (NYSE:SAP)

Ballentine Partners LLC raised its position in SAP SE (NYSE:SAP) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,216 shares of the software maker’s stock after buying an additional 813 shares during the period. Ballentine Partners LLC’s holdings in SAP were worth $1,777,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SAP. Holocene Advisors LP acquired a new position in shares of SAP in the 3rd quarter valued at $10,869,000. JPMorgan Chase & Co. lifted its stake in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 8,380 shares during the period. Creative Planning lifted its stake in shares of SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $263.17.

SAP Stock Performance

SAP opened at $269.14 on Wednesday. The business’s 50-day moving average price is $246.21 and its two-hundred day moving average price is $228.71. SAP SE has a 1 year low of $161.07 and a 1 year high of $269.29. The company has a market capitalization of $330.64 billion, a price-to-earnings ratio of 107.66, a P/E/G ratio of 3.72 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

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