Choate Investment Advisors Purchases New Holdings in SAP SE (NYSE:SAP)

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

A number of other institutional investors also recently modified their holdings of the company. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the fourth quarter valued at about $27,000. Rakuten Securities Inc. increased its position in shares of SAP by 2,700.0% in 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 during the last quarter. Albion Financial Group UT increased its position in shares of SAP by 122.4% in the fourth 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 during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP in the fourth quarter valued at about $42,000.

Analyst Ratings Changes

A number of research firms recently issued reports on SAP. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, JMP Securities boosted 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. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $248.83.

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SAP Stock Performance

Shares of NYSE:SAP traded up $1.20 during trading on Tuesday, reaching $270.75. 2,154,768 shares of the stock were exchanged, compared to its average volume of 890,864. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The firm has a market cap of $332.62 billion, a PE ratio of 94.34, a PEG ratio of 4.71 and a beta of 1.25. The stock has a 50-day moving average price of $274.09 and a 200-day moving average price of $248.41. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Research analysts expect that SAP SE will post 6.55 EPS 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.