Rockefeller Capital Management L.P. Has $5.52 Million Holdings in SAP SE (NYSE:SAP)

Rockefeller Capital Management L.P. raised its stake in shares of SAP SE (NYSE:SAP - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,491 shares of the software maker's stock after buying an additional 1,971 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in SAP were worth $5,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. Centricity Wealth Management LLC bought a new position in shares of SAP during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after acquiring an additional 108 shares during the period. Albion Financial Group UT boosted its stake in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of SAP in the fourth quarter valued at about $42,000.

SAP Price Performance

NYSE SAP traded up $22.29 during midday trading on Wednesday, hitting $274.69. The company had a trading volume of 1,305,756 shares, compared to its average volume of 989,911. The firm has a 50-day moving average price of $268.83 and a 200-day moving average price of $255.75. The company has a market capitalization of $337.46 billion, a PE ratio of 95.71, a P/E/G ratio of 4.71 and a beta of 1.28. 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 SE has a twelve month low of $179.15 and a twelve month high of $293.70.

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

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be paid a $2.5423 dividend. This represents a yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio (DPR) is 64.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. JMP Securities lifted their price objective 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. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has a consensus rating of "Buy" and an average target price of $251.00.

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.