Arrowstreet Capital Limited Partnership Has $104.37 Million Stake in SAP SE (NYSE:SAP)

Arrowstreet Capital Limited Partnership lifted its stake in shares of SAP SE (NYSE:SAP) by 49.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 423,905 shares of the software maker’s stock after acquiring an additional 139,647 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in SAP were worth $104,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Fisher Asset Management LLC boosted its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. TD Asset Management Inc. boosted its holdings in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. WCM Investment Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $290,023,000. Finally, Raymond James Financial Inc. acquired a new position in shares of SAP during the fourth quarter worth approximately $150,668,000.

SAP Stock Performance

Shares of SAP stock opened at $268.92 on Tuesday. The business’s fifty day simple moving average is $277.18 and its 200 day simple moving average is $252.30. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The firm has a market capitalization of $330.37 billion, a P/E ratio of 93.70, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded 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, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus 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.