Picton Mahoney Asset Management Makes New $7.83 Million Investment in SAP SE (NYSE:SAP)

Picton Mahoney Asset Management acquired a new position in SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,804 shares of the software maker's stock, valued at approximately $7,830,000.

Other large investors have also recently bought and sold shares of the company. Centricity Wealth Management LLC purchased a new position in SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the fourth quarter worth $27,000. Rakuten Securities Inc. raised its position in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT raised its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after acquiring an additional 71 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in SAP in the third quarter worth $42,000.

SAP Price Performance

Shares of SAP traded up $1.20 during trading hours on Tuesday, reaching $270.75. 2,154,768 shares of the company traded hands, compared to its average volume of 890,166. 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 market capitalization of $332.62 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The stock has a fifty day simple moving average of $274.50 and a 200 day simple moving average of $248.77.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.