SAP SE (NYSE:SAP) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in SAP SE (NYSE:SAP - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,250 shares of the software maker's stock after buying an additional 1,154 shares during the period. Bleakley Financial Group LLC's holdings in SAP were worth $4,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. acquired a new stake in shares of SAP during the third quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter worth about $27,000. Albion Financial Group UT increased its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of SAP during the third quarter worth about $42,000. Finally, Financial Management Professionals Inc. increased 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $248.83.

SAP Stock Performance

SAP traded up $0.01 during trading on Thursday, reaching $283.20. The company's stock had a trading volume of 671,789 shares, compared to its average volume of 1,107,158. SAP SE has a 52-week low of $173.09 and a 52-week high of $283.86. The company's fifty day moving average price is $256.46 and its 200-day moving average price is $234.72. The company has a market capitalization of $347.91 billion, a price-to-earnings ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23. 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 (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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, equities analysts forecast that SAP SE will post 6.53 earnings per share for the current fiscal year.

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.