SAP SE (NYSE:SAP) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in SAP SE (NYSE:SAP) by 79.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,396 shares of the software maker’s stock after buying an additional 13,902 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SAP were worth $7,730,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SAP. Oppenheimer & Co. Inc. raised its holdings in shares of SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after purchasing an additional 38 shares during the period. Lindbrook Capital LLC raised its holdings in shares of SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. raised its holdings in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares during the period.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research reports. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays raised their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $248.83.

SAP Price Performance

Shares of NYSE SAP opened at $269.95 on Tuesday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The business has a 50 day moving average price of $274.09 and a two-hundred day moving average price of $248.41. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market cap of $331.63 billion, a PE ratio of 94.06, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.