Americana Partners LLC Acquires 10,201 Shares of SAP SE (NYSE:SAP)

Americana Partners LLC increased its position in SAP SE (NYSE:SAP - Free Report) by 205.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,177 shares of the software maker's stock after acquiring an additional 10,201 shares during the period. Americana Partners LLC's holdings in SAP were worth $3,737,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Creative Planning grew its position in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after buying an additional 14,546 shares in the last quarter. Net Worth Advisory Group bought a new position in SAP in the 3rd quarter valued at about $360,000. Veracity Capital LLC bought a new position in SAP in the 3rd quarter valued at about $247,000. Allspring Global Investments Holdings LLC grew its position in SAP by 376.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker's stock valued at $5,451,000 after buying an additional 18,799 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter valued at about $25,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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 raised their price objective on shares of 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 upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and raised their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $248.83.

SAP Stock Down 1.8 %

Shares of NYSE SAP traded down $5.06 during mid-day trading on Friday, reaching $282.87. The company had a trading volume of 1,105,122 shares, compared to its average volume of 1,028,502. The stock has a fifty day moving average of $265.88 and a two-hundred day moving average of $241.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market capitalization of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.72 and a beta of 1.23. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data 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, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

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.