Proficio Capital Partners LLC Makes New $2.61 Million Investment in SAP SE (NYSE:SAP)

Proficio Capital Partners LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,587 shares of the software maker's stock, valued at approximately $2,607,000.

Other large investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT increased its position in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP during the third quarter worth approximately $47,000.

SAP Trading Down 1.0 %

Shares of SAP stock traded down $2.91 during trading hours on Friday, hitting $276.43. The company's stock had a trading volume of 2,688,091 shares, compared to its average volume of 870,294. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The firm has a fifty day moving average of $272.04 and a 200-day moving average of $246.32. The stock has a market cap of $339.60 billion, a price-to-earnings ratio of 96.32, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. Research analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SAP shares. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. 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 note on Friday, January 17th. Finally, BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, SAP has an average rating of "Buy" and an average price target 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.