Daiwa Securities Group Inc. Acquires New Holdings in SAP SE (NYSE:SAP)

Daiwa Securities Group Inc. acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,486 shares of the software maker's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in SAP by 4.1% during 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 during the last quarter. Lindbrook Capital LLC raised its stake in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after acquiring an additional 43 shares during the last quarter. Foster Group Inc. boosted 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 acquiring an additional 45 shares in the last quarter. Wedmont Private Capital grew its position in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in SAP by 3.0% during 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.

SAP Trading Down 0.9 %

NYSE SAP traded down $2.45 during trading hours on Wednesday, hitting $268.19. The company's stock had a trading volume of 323,207 shares, compared to its average volume of 888,181. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The firm has a market capitalization of $329.48 billion, a P/E ratio of 93.42, a PEG 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. The stock has a fifty day moving average of $274.50 and a 200 day moving average of $248.77.

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SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAP shares. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP currently has a consensus 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.