Resonant Capital Advisors LLC Grows Stake in SAP SE (NYSE:SAP)

Resonant Capital Advisors LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,600 shares of the software maker’s stock after purchasing an additional 94 shares during the period. Resonant Capital Advisors LLC’s holdings in SAP were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in SAP during the 3rd quarter worth about $40,573,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in SAP by 644.9% during 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 last quarter. Mediolanum International Funds Ltd acquired a new position in shares of SAP in the third quarter valued at about $17,376,000. Finally, Holocene Advisors LP purchased a new position in shares of SAP in the third quarter worth about $10,869,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets increased their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 1.3 %

SAP stock opened at $272.39 on Tuesday. SAP SE has a 52-week low of $173.09 and a 52-week high of $280.53. 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 firm has a market cap of $334.63 billion, a P/E ratio of 94.91, a PEG ratio of 4.53 and a beta of 1.22. The company’s 50-day simple moving average is $253.80 and its 200-day simple moving average is $233.28.

SAP (NYSE:SAP) last issued its quarterly 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 return on equity of 12.18% and a net margin of 9.17%. As a group, equities analysts forecast that SAP SE will post 6.53 EPS for the current fiscal year.

SAP 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.