Gardner Lewis Asset Management L P Purchases New Holdings in SAP SE (NYSE:SAP)

Gardner Lewis Asset Management L P acquired a new stake in shares of SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,695 shares of the software maker’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. TD Asset Management Inc. grew its holdings in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after acquiring an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after acquiring an additional 798,037 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of SAP in the 4th quarter valued at about $290,023,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of SAP in the 4th quarter valued at about $150,668,000.

SAP Price Performance

Shares of NYSE SAP opened at $268.16 on Friday. 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 firm has a market capitalization of $329.43 billion, a PE ratio of 93.43, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business’s fifty day moving average price is $276.95 and its two-hundred day moving average price is $251.09.

SAP (NYSE:SAP) last released 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 return on equity of 12.18% and a net margin of 9.17%. On average, research analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SAP. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JMP Securities boosted their price target 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 upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus 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.