SAP SE (NYSE:SAP) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in shares of SAP SE (NYSE:SAP - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,185 shares of the software maker's stock after buying an additional 9,279 shares during the quarter. Corient Private Wealth LLC's holdings in SAP were worth $9,402,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of SAP in the third quarter valued at about $210,000. Thrivent Financial for Lutherans increased its holdings in SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock valued at $852,000 after acquiring an additional 1,642 shares in the last quarter. Caprock Group LLC increased its holdings in SAP by 5.7% during the 3rd quarter. Caprock Group LLC now owns 15,323 shares of the software maker's stock valued at $3,511,000 after acquiring an additional 830 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of SAP during the third quarter worth about $47,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock worth $37,648,000 after buying an additional 142,270 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen raised shares of 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 research report on Friday, January 17th. Finally, JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $248.83.

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SAP Trading Up 0.4 %

SAP stock traded up $1.00 during midday trading on Friday, reaching $272.69. 1,275,050 shares of the company's stock traded hands, compared to its average volume of 905,182. The company has a market capitalization of $335.00 billion, a P/E ratio of 95.01, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The business has a 50-day moving average price of $275.63 and a two-hundred day moving average price of $249.68.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast 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.