TD Asset Management Inc. Increases Stock Position in SAP SE (NYSE:SAP)

TD Asset Management Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 125.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,602,548 shares of the software maker’s stock after purchasing an additional 890,157 shares during the period. TD Asset Management Inc. owned approximately 0.13% of SAP worth $394,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Centricity Wealth Management LLC bought a new position in shares of SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the 4th quarter valued at about $27,000. Rakuten Securities Inc. lifted its stake in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the period. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% during the 4th 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 during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP in the fourth quarter worth approximately $42,000.

SAP Stock Performance

Shares of SAP opened at $275.61 on Tuesday. The business has a 50-day simple moving average of $276.16 and a two-hundred day simple moving average of $250.37. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. 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 (NYSE:SAP) last released its 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 return on equity of 12.18% and a net margin of 9.17%. On average, analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the stock 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 research note on Wednesday, January 15th. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities upped their price target 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average 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.