Harvest Fund Management Co. Ltd Purchases 6,471 Shares of SAP SE (NYSE:SAP)

Harvest Fund Management Co. Ltd lifted its stake in SAP SE (NYSE:SAP - Free Report) by 69.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,839 shares of the software maker's stock after purchasing an additional 6,471 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in SAP were worth $3,898,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Centricity Wealth Management LLC bought a new stake in SAP in the fourth quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the fourth quarter valued at $27,000. Rakuten Securities Inc. lifted its holdings in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT boosted its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in SAP during the 4th quarter valued at about $42,000.

SAP Stock Up 0.4 %

Shares of SAP traded up $1.00 during midday trading on Friday, reaching $272.69. 1,275,050 shares of the stock were exchanged, 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 current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The company's 50 day moving average is $275.63 and its two-hundred day moving average is $249.68.

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

Wall Street Analyst Weigh In

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

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.