191,687 Shares in SAP SE (NYSE:SAP) Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 191,687 shares of the software maker's stock, valued at approximately $47,195,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. Principal Financial Group Inc. grew its holdings in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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. Stifel Financial Corp grew its holdings in SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock worth $48,295,000 after buying an additional 23,352 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in SAP during the third quarter worth $40,573,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. BMO Capital Markets upped 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. Royal Bank of Canada reissued an "outperform" rating and issued 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 boosted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $248.83.

SAP Stock Performance

Shares of NYSE SAP traded up $0.01 during trading on Thursday, reaching $283.20. 671,789 shares of the stock traded hands, compared to its average volume of 1,107,158. SAP SE has a 52-week low of $173.09 and a 52-week high of $283.86. 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 50-day moving average of $256.46 and a 200-day moving average of $234.72. The stock has a market capitalization of $347.91 billion, a P/E ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last issued 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%. Analysts forecast that SAP SE will post 6.53 EPS for the current fiscal year.

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.