Rakuten Securities Inc. Raises Position in SAP SE (NYSE:SAP)

Rakuten Securities Inc. increased its holdings in SAP SE (NYSE:SAP) by 2,700.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 112 shares of the software maker’s stock after acquiring an additional 108 shares during the quarter. Rakuten Securities Inc.’s holdings in SAP were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new position in shares of SAP in the third quarter worth about $206,000. Oppenheimer & Co. Inc. purchased a new position in shares of SAP in the third quarter worth about $210,000. Schrum Private Wealth Management LLC purchased a new position in shares of SAP in the third quarter worth about $285,000. Huntington National Bank increased its holdings in shares of SAP by 12.4% in the third quarter. Huntington National Bank now owns 1,937 shares of the software maker’s stock worth $444,000 after buying an additional 214 shares during the period. Finally, Zions Bancorporation N.A. increased its holdings in shares of SAP by 37.3% in the third quarter. Zions Bancorporation N.A. now owns 3,311 shares of the software maker’s stock worth $759,000 after buying an additional 899 shares during the period.

SAP Stock Down 3.5 %

Shares of NYSE SAP opened at $254.84 on Friday. The firm’s 50-day moving average price is $273.17 and its 200-day moving average price is $247.29. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $313.08 billion, a price-to-earnings ratio of 88.80, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

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 net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SAP. 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 report on Wednesday, January 29th. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $248.83.

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.