Envestnet Portfolio Solutions Inc. Buys 13,902 Shares of SAP SE (NYSE:SAP)

Envestnet Portfolio Solutions Inc. boosted its position in shares of SAP SE (NYSE:SAP - Free Report) by 79.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,396 shares of the software maker's stock after acquiring an additional 13,902 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in SAP were worth $7,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after purchasing an additional 38 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after purchasing an additional 43 shares during the last quarter. Foster Group Inc. increased its holdings in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after purchasing an additional 46 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of SAP by 3.0% in the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after purchasing an additional 46 shares during the last quarter.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on SAP shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $248.83.

SAP Price Performance

SAP stock traded up $1.20 during trading hours on Tuesday, reaching $270.75. 2,154,768 shares of the stock were exchanged, compared to its average volume of 890,864. The company has a market cap of $332.62 billion, a P/E ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 twelve month low of $175.08 and a twelve month high of $293.70. The stock has a 50 day moving average of $274.09 and a two-hundred day moving average of $248.41.

SAP (NYSE:SAP - Get Free Report) last announced 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%. Equities 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.