Keystone Investors PTE Ltd. Decreases Holdings in SAP SE (NYSE:SAP)

Keystone Investors PTE Ltd. reduced its stake in shares of SAP SE (NYSE:SAP) by 98.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,224 shares of the software maker’s stock after selling 158,255 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in SAP were worth $794,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Centricity Wealth Management LLC purchased a new position in shares of SAP in the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the last quarter. Albion Financial Group UT raised its holdings 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 in the last quarter. Finally, Brooklyn Investment Group bought a new position in SAP during the 3rd quarter valued at $42,000.

SAP Trading Up 1.1 %

NYSE SAP opened at $275.61 on Tuesday. The firm’s 50 day moving average price is $276.16 and its two-hundred day moving average price is $250.37. The stock has a market cap of $338.59 billion, a price-to-earnings ratio of 96.03, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. 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 quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock 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.