SAP SE (NYSE:SAP) Stock Position Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,118,138 shares of the software maker’s stock after purchasing an additional 403,956 shares during the period. Fisher Asset Management LLC owned about 0.42% of SAP worth $1,260,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new stake in SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT lifted its stake in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group acquired a new stake in SAP in the third quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. lifted its stake in SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays lifted their target price 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 lifted their target price 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. JMP Securities lifted 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, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Trading Up 0.4 %

Shares of SAP stock opened at $275.68 on Friday. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The firm’s fifty day simple moving average is $269.19 and its 200 day simple moving average is $243.84. The firm has a market capitalization of $338.68 billion, a P/E ratio of 96.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. 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 (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 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, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

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.