CIBC Asset Management Inc Has $11.58 Million Stock Holdings in SAP SE (NYSE:SAP)

CIBC Asset Management Inc decreased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,612 shares of the software maker's stock after selling 2,635 shares during the period. CIBC Asset Management Inc's holdings in SAP were worth $11,582,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP during the fourth quarter worth $27,000. Albion Financial Group UT lifted its holdings 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 valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group acquired a new stake in shares of SAP in the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP in the 3rd quarter worth about $47,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets increased 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. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $248.83.

SAP Trading Down 0.1 %

SAP stock traded down $0.39 during trading on Thursday, hitting $288.08. The company had a trading volume of 679,233 shares, compared to its average volume of 1,026,183. The firm has a 50-day moving average price of $265.30 and a 200-day moving average price of $240.60. SAP SE has a 12 month low of $174.88 and a 12 month high of $293.70. 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 stock has a market cap of $353.90 billion, a price-to-earnings ratio of 100.38, a PEG ratio of 4.79 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last released its earnings results 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 return on equity of 12.18% and a net margin of 9.17%. 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.