QRG Capital Management Inc. Increases Stake in SAP SE (NYSE:SAP)

QRG Capital Management Inc. lifted its stake in SAP SE (NYSE:SAP - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,517 shares of the software maker's stock after acquiring an additional 4,766 shares during the period. QRG Capital Management Inc.'s holdings in SAP were worth $23,271,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT lifted 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 bought a new stake in shares of SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP in the third quarter valued at approximately $47,000.

Wall Street Analysts Forecast Growth

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

SAP Stock Performance

SAP stock traded up $5.81 during trading hours on Monday, reaching $280.81. The stock had a trading volume of 1,914,150 shares, compared to its average volume of 1,093,862. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. 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 stock has a market capitalization of $344.98 billion, a PE ratio of 97.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The stock has a 50-day simple moving average of $269.19 and a 200 day simple moving average of $244.29.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

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.