SAP SE (NYSE:SAP) Shares Bought by Horizon Investments LLC

Horizon Investments LLC increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,653 shares of the software maker's stock after purchasing an additional 948 shares during the period. Horizon Investments LLC's holdings in SAP were worth $3,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Holocene Advisors LP purchased a new stake in shares of SAP during the third quarter worth $10,869,000. Atomi Financial Group Inc. increased its holdings in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock worth $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. grew its position in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after buying an additional 7,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SAP by 152.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after buying an additional 249,824 shares during the period.

SAP Stock Performance

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. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. 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 company has a market capitalization of $335.00 billion, a price-to-earnings ratio of 95.01, a PEG ratio of 4.71 and a beta of 1.25. The business's 50-day moving average price is $275.63 and its 200 day moving average price is $249.68.

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

Wall Street Analyst Weigh In

SAP has been the subject of a number of recent research reports. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and increased their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, JMP Securities increased their price objective on 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 MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $248.83.

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.