Harvest Fund Management Co. Ltd Raises Stock Position in SAP SE (NYSE:SAP)

Harvest Fund Management Co. Ltd raised its holdings in shares of SAP SE (NYSE:SAP) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,839 shares of the software maker’s stock after buying an additional 6,471 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in SAP were worth $3,898,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Xponance Inc. grew its holdings in shares of SAP by 5.0% during the fourth quarter. Xponance Inc. now owns 1,507 shares of the software maker’s stock worth $371,000 after buying an additional 72 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of SAP by 8.1% during the fourth quarter. Horizon Investments LLC now owns 12,653 shares of the software maker’s stock worth $3,115,000 after buying an additional 948 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SAP by 4.9% during the fourth quarter. Advisors Asset Management Inc. now owns 14,257 shares of the software maker’s stock worth $3,510,000 after buying an additional 662 shares in the last quarter. PDS Planning Inc grew its holdings in shares of SAP by 3.3% during the fourth quarter. PDS Planning Inc now owns 4,127 shares of the software maker’s stock worth $1,016,000 after buying an additional 133 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of SAP by 3.7% during the fourth quarter. Signaturefd LLC now owns 20,553 shares of the software maker’s stock worth $5,060,000 after buying an additional 731 shares in the last quarter.

SAP Trading Up 0.4 %

NYSE SAP opened at $270.75 on Wednesday. The firm’s 50-day moving average is $274.50 and its two-hundred day moving average is $248.77. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. 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 $332.62 billion, a P/E ratio of 94.34, a PEG ratio of 4.71 and a beta of 1.25.

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, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research reports. Barclays upped 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. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued 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 raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $248.83.

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.