Park Avenue Securities LLC Has $4.90 Million Stock Position in SAP SE (NYSE:SAP)

Park Avenue Securities LLC lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,906 shares of the software maker's stock after buying an additional 5,473 shares during the period. Park Avenue Securities LLC's holdings in SAP were worth $4,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kathmere Capital Management LLC increased its position in SAP by 10.6% in the fourth quarter. Kathmere Capital Management LLC now owns 3,777 shares of the software maker's stock worth $930,000 after buying an additional 363 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of SAP by 19.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,377 shares of the software maker's stock worth $339,000 after acquiring an additional 223 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of SAP by 19.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,315 shares of the software maker's stock worth $324,000 after acquiring an additional 215 shares during the period. Traveka Wealth LLC lifted its position in SAP by 3.9% in the 4th quarter. Traveka Wealth LLC now owns 2,665 shares of the software maker's stock valued at $656,000 after purchasing an additional 99 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after purchasing an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the topic of several analyst reports. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $263.17.

SAP Price Performance

NYSE:SAP traded up $1.16 during mid-day trading on Friday, reaching $262.74. 799,030 shares of the stock were exchanged, compared to its average volume of 961,475. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $245.17 and a 200 day moving average price of $227.47. SAP SE has a 1-year low of $158.94 and a 1-year high of $264.71. The firm has a market capitalization of $322.77 billion, a PE ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the firm earned $1.20 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that SAP SE will post 4.66 earnings per share 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.