HighTower Advisors LLC Boosts Holdings in SAP SE (NYSE:SAP)

HighTower Advisors LLC increased its stake in SAP SE (NYSE:SAP - Free Report) by 26.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,695 shares of the software maker's stock after purchasing an additional 16,197 shares during the quarter. HighTower Advisors LLC's holdings in SAP were worth $18,883,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of SAP by 22.3% in 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 grew its stake in SAP by 8.6% in 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 during the last quarter. WCM Investment Management LLC acquired a new stake in SAP in the 4th quarter valued at about $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP in the 4th quarter valued at about $150,668,000. Finally, Principal Financial Group Inc. grew its stake in 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 acquiring an additional 4,775 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAP. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Finally, Barclays increased 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. Ten research 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 target price of $248.83.

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SAP Trading Up 0.4 %

NYSE SAP traded up $1.20 during mid-day trading on Tuesday, hitting $270.75. The company's stock had a trading volume of 2,154,768 shares, compared to its average volume of 890,864. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The stock's fifty day simple moving average is $274.50 and its two-hundred day simple moving average is $248.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization 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.

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 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%. Research analysts expect that SAP SE will post 6.55 EPS 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.