Aaron Wealth Advisors LLC Acquires 521 Shares of SAP SE (NYSE:SAP)

Aaron Wealth Advisors LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,610 shares of the software maker’s stock after buying an additional 521 shares during the period. Aaron Wealth Advisors LLC’s holdings in SAP were worth $2,120,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of SAP in the 3rd quarter valued at about $40,573,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SAP by 644.9% in the third 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 in the last quarter. Marshall Wace LLP acquired a new position in shares of SAP during the second quarter worth about $21,479,000. Finally, Mediolanum International Funds Ltd bought a new position in shares of SAP during the third quarter worth about $17,376,000.

Analysts Set New Price Targets

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

SAP Trading Up 0.4 %

SAP stock opened at $262.74 on Friday. The stock has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The company has a fifty day moving average price of $245.68 and a two-hundred day moving average price of $227.91. SAP SE has a one year low of $158.94 and a one year high of $264.71. 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 announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. Equities analysts anticipate that SAP SE will post 4.66 EPS for the current 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.