Equitable Trust Co. Purchases 17,539 Shares of SAP SE (NYSE:SAP)

Equitable Trust Co. grew its position in shares of SAP SE (NYSE:SAP - Free Report) by 1,859.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,482 shares of the software maker's stock after purchasing an additional 17,539 shares during the quarter. Equitable Trust Co.'s holdings in SAP were worth $4,550,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of SAP during the 4th quarter worth approximately $290,023,000. Principal Financial Group Inc. grew its position in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after buying an additional 4,775 shares during the period. JPMorgan Chase & Co. grew its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after buying an additional 7,667 shares during the period. Finally, Stifel Financial Corp grew its position in shares of SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock worth $48,295,000 after buying an additional 23,352 shares during the period.

Analyst Ratings Changes

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

SAP Stock Up 0.9 %

NYSE:SAP traded up $2.67 during trading hours on Thursday, hitting $293.64. 757,366 shares of the company traded hands, compared to its average volume of 1,055,148. The company has a market cap of $360.73 billion, a PE ratio of 102.31, a PEG ratio of 4.63 and a beta of 1.23. SAP SE has a one year low of $174.88 and a one year 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 firm's 50-day simple moving average is $260.76 and its 200-day simple moving average is $237.35.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 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 predict that SAP SE will post 6.55 earnings per share for the current 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.