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

Ballentine Partners LLC grew its stake in SAP SE (NYSE:SAP) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,216 shares of the software maker’s stock after acquiring an additional 813 shares during the period. Ballentine Partners LLC’s holdings in SAP were worth $1,777,000 at the end of the most recent quarter.

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

SAP Stock Up 2.4 %

NYSE SAP opened at $269.14 on Wednesday. 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 SE has a 1-year low of $161.07 and a 1-year high of $269.29. The company has a 50 day moving average of $246.21 and a 200-day moving average of $228.71. The company has a market cap of $330.64 billion, a price-to-earnings ratio of 107.66, a PEG ratio of 3.72 and a beta of 1.22.

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

Analysts Set New Price Targets

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

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.