Portfolio Design Labs LLC Takes $328,000 Position in SAP SE (NYSE:SAP)

Portfolio Design Labs LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,331 shares of the software maker's stock, valued at approximately $328,000.

Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in SAP by 22.3% in the 3rd 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. WCM Investment Management LLC acquired a new stake in shares of SAP during the fourth quarter valued at about $290,023,000. Principal Financial Group Inc. increased its position in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after acquiring an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock worth $48,295,000 after purchasing an additional 23,352 shares during the period.

SAP Stock Down 1.1 %

SAP stock traded down $3.20 during trading on Friday, reaching $290.49. The stock had a trading volume of 783,848 shares, compared to its average volume of 1,074,397. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $262.25 and a 200 day moving average price of $238.52. The stock has a market cap of $356.86 billion, a PE ratio of 101.21, a P/E/G ratio of 4.63 and a beta of 1.23. SAP SE has a 52-week low of $174.88 and a 52-week high of $293.70.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on SAP shares. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of "Buy" and a consensus target price of $248.83.

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.