SAP SE (NYSE:SAP) Shares Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. increased its position in shares of SAP SE (NYSE:SAP) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,392 shares of the software maker’s stock after acquiring an additional 109 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in SAP were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Foster Group Inc. raised its stake in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital grew its stake in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares in the last quarter. Addison Advisors LLC increased its stake in shares of SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after buying an additional 46 shares during the period. Confluence Investment Management LLC lifted its holdings in SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the subject of a number of recent analyst reports. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Up 0.8 %

SAP opened at $286.94 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market capitalization of $352.51 billion, a PE ratio of 99.98, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The business has a 50-day moving average of $267.23 and a 200-day moving average of $242.84. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast that SAP SE will post 6.55 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.