Denali Advisors LLC Acquires 989 Shares of SAP SE (NYSE:SAP)

Denali Advisors LLC lifted its stake in SAP SE (NYSE:SAP) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,863 shares of the software maker’s stock after purchasing an additional 989 shares during the quarter. Denali Advisors LLC’s holdings in SAP were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Centricity Wealth Management LLC bought a new stake in SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the fourth quarter worth approximately $27,000. Albion Financial Group UT grew its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP in the 3rd quarter worth approximately $47,000.

SAP Price Performance

NYSE SAP opened at $285.82 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $351.13 billion, a P/E ratio of 99.59, a PEG ratio of 4.71 and a beta of 1.23. The company has a 50-day moving average price of $268.06 and a 200-day moving average price of $243.14. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on SAP shares. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. 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. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities upped their target price 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. Finally, BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $248.83.

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.