Picton Mahoney Asset Management Acquires Shares of 31,804 SAP SE (NYSE:SAP)

Picton Mahoney Asset Management acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,804 shares of the software maker's stock, valued at approximately $7,830,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aptus Capital Advisors LLC acquired a new position in SAP during the third quarter worth approximately $206,000. Oppenheimer & Co. Inc. acquired a new position in SAP during the third quarter worth approximately $210,000. Huntington National Bank increased its position in SAP by 12.4% during the third quarter. Huntington National Bank now owns 1,937 shares of the software maker's stock worth $444,000 after purchasing an additional 214 shares during the last quarter. Zions Bancorporation N.A. increased its position in SAP by 37.3% during the third quarter. Zions Bancorporation N.A. now owns 3,311 shares of the software maker's stock worth $759,000 after purchasing an additional 899 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in SAP by 9.8% during the third quarter. CIBC Asset Management Inc now owns 50,247 shares of the software maker's stock worth $11,425,000 after purchasing an additional 4,484 shares during the last quarter.

SAP Stock Up 0.3 %

Shares of SAP stock traded up $0.73 on Wednesday, hitting $271.37. The stock had a trading volume of 1,604,796 shares, compared to its average volume of 893,012. The firm has a market capitalization of $333.37 billion, a price-to-earnings ratio of 94.55, a P/E/G ratio of 4.71 and a beta of 1.25. The stock's 50 day moving average is $274.50 and its 200-day moving average is $248.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

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SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays increased their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company 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.