SAP SE (NYSE:SAP) Holdings Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in SAP SE (NYSE:SAP) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,517 shares of the software maker’s stock after acquiring an additional 4,766 shares during the period. QRG Capital Management Inc.’s holdings in SAP were worth $23,271,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $2,607,000. Oppenheimer & Co. Inc. increased its stake in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after purchasing an additional 38 shares during the period. SRN Advisors LLC increased its stake in shares of SAP by 9.4% in the fourth quarter. SRN Advisors LLC now owns 5,798 shares of the software maker’s stock valued at $1,428,000 after purchasing an additional 500 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $189,000. Finally, NewEdge Wealth LLC increased its stake in shares of SAP by 8.0% in the fourth quarter. NewEdge Wealth LLC now owns 17,573 shares of the software maker’s stock valued at $4,327,000 after purchasing an additional 1,299 shares during the period.

SAP Trading Down 0.4 %

SAP stock opened at $285.82 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $351.13 billion, a price-to-earnings ratio of 99.59, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s 50 day moving average price is $268.06 and its two-hundred day moving average price is $243.14.

SAP (NYSE:SAP) last posted its quarterly 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%. On average, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several analyst reports. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, 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 note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of “Buy” and an average price target of $248.83.

About SAP

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.