Gardner Lewis Asset Management L P Acquires New Position in SAP SE (NYSE:SAP)

Gardner Lewis Asset Management L P purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,695 shares of the software maker's stock, valued at approximately $417,000.

Other large investors have also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in SAP during the fourth quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the 4th quarter worth $27,000. Rakuten Securities Inc. lifted its position in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after buying an additional 108 shares during the last quarter. Albion Financial Group UT grew its position in 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 acquiring an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP in the 4th quarter valued at approximately $42,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Barclays raised their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $248.83.

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SAP Stock Up 0.5 %

Shares of SAP traded up $1.44 during trading hours on Tuesday, reaching $269.88. 390,036 shares of the stock traded hands, compared to its average volume of 921,243. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $277.18 and a 200 day simple moving average of $252.30. The company has a market cap of $331.54 billion, a price-to-earnings ratio of 94.08, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts forecast that SAP SE will post 6.55 EPS 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.