Glenview Trust co Takes $216,000 Position in SAP SE (NYSE:SAP)

Glenview Trust co bought a new position in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 876 shares of the software maker’s stock, valued at approximately $216,000.

Several other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after purchasing an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its position in SAP by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock valued at $538,000 after purchasing an additional 43 shares in the last quarter. Foster Group Inc. raised its position in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital raised its position in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its position in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SAP. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. 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. Finally, BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of “Buy” and an average price target of $248.83.

SAP Trading Up 0.4 %

NYSE:SAP opened at $270.75 on Wednesday. The stock’s 50 day moving average price is $274.50 and its 200 day moving average price is $248.77. The company has a market capitalization of $332.62 billion, a PE ratio of 94.34, a P/E/G ratio of 4.71 and a beta of 1.25. 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.

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 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%. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.