Assetmark Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

Assetmark Inc. increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,659 shares of the software maker's stock after purchasing an additional 5,310 shares during the period. Assetmark Inc.'s holdings in SAP were worth $15,181,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in shares of SAP during the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the 4th quarter valued at about $27,000. Albion Financial Group UT grew its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth about $42,000. Finally, Financial Management Professionals Inc. lifted its position in shares of SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock worth $50,000 after purchasing an additional 103 shares in the last quarter.

SAP Stock Down 5.6 %

SAP stock traded down $15.60 during mid-day trading on Monday, hitting $261.20. The company had a trading volume of 1,790,039 shares, compared to its average volume of 873,973. The stock has a market cap of $320.89 billion, a price-to-earnings ratio of 91.01, 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. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The business has a fifty day moving average of $272.04 and a 200 day moving average of $246.51.

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SAP (NYSE:SAP - Get Free Report) last posted its earnings results 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%. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities upped 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. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. TD Cowen upgraded 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 report on Friday, January 17th. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, 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 note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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.