6,868 Shares in SAP SE (NYSE:SAP) Bought by Connable Office Inc.

Connable Office Inc. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,868 shares of the software maker's stock, valued at approximately $1,691,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new position in SAP in the 4th 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 approximately $27,000. Albion Financial Group UT boosted its stake 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 buying an additional 71 shares during the period. Brooklyn Investment Group acquired a new stake in SAP during the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP during the 3rd quarter worth $47,000.

Analysts Set New Price Targets

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

SAP Price Performance

SAP stock traded up $8.04 during mid-day trading on Wednesday, reaching $287.09. The company had a trading volume of 1,361,921 shares, compared to its average volume of 860,568. The business has a fifty day simple moving average of $270.34 and a 200 day simple moving average of $245.19. The company has a market cap of $352.69 billion, a P/E ratio of 100.03, a P/E/G ratio of 4.71 and a beta of 1.23. 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 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 issued 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 return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Company 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.