Guardian Partners Inc. Buys Shares of 50,693 SAP SE (NYSE:SAP)

Guardian Partners Inc. purchased a new stake in SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 50,693 shares of the software maker's stock, valued at approximately $12,850,000. SAP makes up 1.3% of Guardian Partners Inc.'s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also added to or reduced their stakes in SAP. FMR LLC boosted its stake in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Fisher Asset Management LLC boosted its position in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after acquiring an additional 403,956 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of SAP during the 4th quarter worth approximately $290,023,000. Raymond James Financial Inc. bought a new position in shares of SAP in the 4th quarter worth approximately $150,668,000. Finally, Principal Financial Group Inc. lifted its stake in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after purchasing an additional 4,775 shares during the period.

SAP Stock Up 0.1 %

SAP stock traded up $0.16 during trading on Thursday, hitting $268.16. 598,454 shares of the stock traded hands, compared to its average volume of 907,599. The stock has a market cap of $329.43 billion, a price-to-earnings ratio of 93.43, a price-to-earnings-growth 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 1 year low of $175.08 and a 1 year high of $293.70. The firm's 50 day moving average is $276.95 and its two-hundred day moving average is $251.09.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly 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 net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAP. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Barclays upped their price objective 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, JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of "Buy" and an average price target of $248.83.

About SAP

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.