Ashton Thomas Private Wealth LLC Makes New Investment in SAP SE (NYSE:SAP)

Ashton Thomas Private Wealth LLC purchased a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 902 shares of the software maker’s stock, valued at approximately $222,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC bought a new stake in shares of SAP in the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter valued at about $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group purchased a new stake in SAP during the 3rd quarter valued at about $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in SAP during the 3rd quarter valued at about $47,000.

Analyst Ratings Changes

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

SAP Trading Down 0.3 %

SAP opened at $260.43 on Wednesday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The firm has a market capitalization of $319.94 billion, a price-to-earnings ratio of 90.74, a PEG ratio of 4.71 and a beta of 1.25. The business has a 50 day simple moving average of $272.58 and a two-hundred day simple moving average of $247.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last announced its earnings results 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 return on equity of 12.18% and a net margin of 9.17%. Analysts predict that SAP SE will post 6.55 EPS for the current 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.