Arrowstreet Capital Limited Partnership boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 49.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 423,905 shares of the software maker's stock after buying an additional 139,647 shares during the period. Arrowstreet Capital Limited Partnership's holdings in SAP were worth $104,370,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares during the last quarter. TD Asset Management Inc. boosted its holdings in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. WCM Investment Management LLC acquired a new stake in shares of SAP during the 4th quarter worth approximately $290,023,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of SAP during the 4th quarter valued at approximately $150,668,000.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in 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 research report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Nine 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 target price of $248.83.
Get Our Latest Stock Report on SAP
SAP Stock Down 5.0 %
Shares of SAP stock traded down $13.31 during trading on Friday, reaching $251.03. The company's stock had a trading volume of 1,335,189 shares, compared to its average volume of 931,752. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The stock's 50-day moving average price is $276.95 and its 200 day moving average price is $252.86. The company has a market capitalization of $308.39 billion, a price-to-earnings ratio of 87.53, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.
SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.
SAP Profile
(
Free Report)
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.
Further Reading
Before you consider SAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SAP wasn't on the list.
While SAP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
