Jennison Associates LLC Invests $47.20 Million in SAP SE (NYSE:SAP)

Jennison Associates LLC acquired a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 191,687 shares of the software maker’s stock, valued at approximately $47,195,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SAP. Dimensional Fund Advisors LP grew its holdings in shares of SAP by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after buying an additional 1,158 shares during the last quarter. AQR Capital Management LLC lifted its position in SAP by 55.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock valued at $892,000 after acquiring an additional 1,580 shares in the last quarter. GAMMA Investing LLC boosted its stake in SAP by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,668 shares of the software maker’s stock valued at $840,000 after purchasing an additional 743 shares during the last quarter. Diversified Trust Co bought a new stake in shares of SAP in the 3rd quarter worth $2,631,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of SAP in the third quarter worth $207,000.

SAP Trading Up 2.0 %

Shares of SAP stock opened at $278.07 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $341.61 billion, a PE ratio of 96.89, a P/E/G ratio of 4.53 and a beta of 1.23. SAP SE has a 1-year low of $173.09 and a 1-year high of $280.53. The company’s fifty day simple moving average is $254.57 and its 200-day simple moving average is $233.81.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts anticipate that SAP SE will post 6.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. 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. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their target price 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. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus target price of $248.83.

About SAP

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.