HighTower Advisors LLC Raises Position in SAP SE (NYSE:SAP)

HighTower Advisors LLC lifted its stake in SAP SE (NYSE:SAP - Free Report) by 26.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new position in shares of SAP in the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the 4th quarter valued at approximately $27,000. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the 4th quarter worth approximately $42,000. Finally, Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth approximately $42,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAP. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Finally, 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 note on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $248.83.

Remove Ads

SAP Price Performance

Shares of SAP stock traded up $0.73 during mid-day trading on Wednesday, hitting $271.37. 1,604,787 shares of the stock were exchanged, compared to its average volume of 893,012. The firm has a fifty day moving average of $274.50 and a 200 day moving average of $248.77. The company has a quick ratio of 1.10, a current ratio of 1.12 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 has a market cap of $333.37 billion, a PE ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last posted 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%. Research analysts anticipate 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.