Arete Wealth Advisors LLC Purchases 137 Shares of SAP SE (NYSE:SAP)

Arete Wealth Advisors LLC grew its position in shares of SAP SE (NYSE:SAP) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,193 shares of the software maker’s stock after buying an additional 137 shares during the quarter. Arete Wealth Advisors LLC’s holdings in SAP were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. raised its stake in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after buying an additional 798,037 shares during the last quarter. WCM Investment Management LLC bought a new position in SAP during the fourth quarter valued at about $290,023,000. Finally, Wellington Management Group LLP purchased a new stake in SAP during the fourth quarter worth about $163,630,000.

SAP Stock Performance

NYSE:SAP opened at $249.38 on Friday. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The business’s fifty day moving average is $276.41 and its 200 day moving average is $253.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $306.37 billion, a price-to-earnings ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last announced its quarterly 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%. Research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays upped their price objective on 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 raised their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target 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.