NewEdge Wealth LLC Has $4.33 Million Stock Position in SAP SE (NYSE:SAP)

NewEdge Wealth LLC increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,573 shares of the software maker's stock after buying an additional 1,299 shares during the quarter. NewEdge Wealth LLC's holdings in SAP were worth $4,327,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SAP. FMR LLC grew its holdings in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new position in SAP in the fourth quarter worth $290,023,000. Principal Financial Group Inc. boosted its stake 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. increased its holdings in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after buying an additional 7,667 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of SAP by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 348,233 shares of the software maker's stock valued at $85,738,000 after buying an additional 3,715 shares in the last quarter.

SAP Stock Up 2.1 %

Shares of NYSE SAP traded up $5.81 during midday trading on Monday, reaching $280.81. The company's stock had a trading volume of 1,914,098 shares, compared to its average volume of 1,092,745. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The stock has a 50 day simple moving average of $269.19 and a 200-day simple moving average of $244.29. The stock has a market capitalization of $344.98 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 4.71 and a beta of 1.23. 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 (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent research reports. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and increased their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of "Buy" and an average target price of $248.83.

About SAP

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.