SAP SE (NYSE:SAP) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its stake in shares of SAP SE (NYSE:SAP) by 44.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,944 shares of the software maker’s stock after purchasing an additional 2,772 shares during the period. Whittier Trust Co.’s holdings in SAP were worth $2,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new position in shares of SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT lifted its position in shares of 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter worth approximately $42,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report 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 company a “market outperform” rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Up 0.4 %

SAP stock opened at $272.69 on Friday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The firm has a market cap of $335.00 billion, a PE ratio of 95.01, a PEG ratio of 4.71 and a beta of 1.25. The firm’s 50 day moving average price is $275.63 and its 200-day moving average price is $249.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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

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.