Choate Investment Advisors Invests $434,000 in SAP SE (NYSE:SAP)

Choate Investment Advisors bought a new stake in SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,763 shares of the software maker's stock, valued at approximately $434,000.

Several other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP during the 4th quarter valued at about $27,000. Rakuten Securities Inc. increased its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT raised its position in shares of 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 purchasing an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in SAP in the 3rd quarter worth approximately $42,000.

Analyst Upgrades and Downgrades

SAP has been the topic of several research reports. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, TD Cowen raised 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $248.83.

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SAP Price Performance

Shares of NYSE:SAP traded up $1.02 during trading on Wednesday, reaching $271.66. 1,121,812 shares of the company's stock traded hands, compared to its average volume of 891,294. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a market cap of $333.73 billion, a PE ratio of 94.64, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a 50-day simple moving average of $274.50 and a 200-day simple moving average of $248.77. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

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%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.