Avantax Advisory Services Inc. Increases Stake in SAP SE (NYSE:SAP)

Avantax Advisory Services Inc. grew its holdings in SAP SE (NYSE:SAP - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,835 shares of the software maker's stock after purchasing an additional 3,569 shares during the quarter. Avantax Advisory Services Inc.'s holdings in SAP were worth $5,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAP. FMR LLC raised its holdings in shares of SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC acquired a new stake in SAP in the fourth quarter valued at $290,023,000. Raymond James Financial Inc. purchased a new stake in SAP during the 4th quarter worth about $150,668,000. 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 worth $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of SAP in the 4th quarter valued at about $47,195,000.

SAP Stock Performance

Shares of SAP stock traded up $1.20 on Tuesday, hitting $270.75. The stock had a trading volume of 2,154,768 shares, compared to its average volume of 890,864. The company's 50 day moving average price is $274.50 and its 200 day moving average price is $248.77. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $332.62 billion, a price-to-earnings ratio of 94.34, a P/E/G ratio of 4.71 and a beta of 1.25.

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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 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, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAP shares. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted their target price on 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 target price on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.