Allspring Global Investments Holdings LLC Raises Stock Position in SAP SE (NYSE:SAP)

Allspring Global Investments Holdings LLC grew its position in shares of SAP SE (NYSE:SAP - Free Report) by 127.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,155 shares of the software maker's stock after buying an additional 30,361 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in SAP were worth $13,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Certuity LLC raised its position in SAP by 13.6% in the 4th quarter. Certuity LLC now owns 1,820 shares of the software maker's stock worth $448,000 after buying an additional 218 shares during the last quarter. Portfolio Design Labs LLC bought a new position in SAP in the fourth quarter valued at about $328,000. New Republic Capital LLC boosted its position in SAP by 49.7% in the fourth quarter. New Republic Capital LLC now owns 1,714 shares of the software maker's stock worth $422,000 after purchasing an additional 569 shares during the last quarter. Equitable Trust Co. grew its stake in shares of SAP by 1,859.9% during the 4th quarter. Equitable Trust Co. now owns 18,482 shares of the software maker's stock valued at $4,550,000 after purchasing an additional 17,539 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of SAP during the 4th quarter valued at about $204,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAP. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $248.83.

SAP Price Performance

Shares of NYSE:SAP traded down $5.06 during midday trading on Friday, reaching $282.87. 1,105,122 shares of the company were exchanged, compared to its average volume of 1,028,502. The stock has a market cap of $347.50 billion, a PE ratio of 98.56, a price-to-earnings-growth ratio of 4.72 and a beta of 1.23. The business's fifty day moving average is $265.88 and its two-hundred day moving average is $241.18. SAP SE has a one year low of $175.08 and a one year high of $293.70. 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 (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%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current year.

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.