Blue Trust Inc. Purchases 2,044 Shares of SAP SE (NYSE:SAP)

Blue Trust Inc. lifted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 35.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,829 shares of the software maker's stock after purchasing an additional 2,044 shares during the period. Blue Trust Inc.'s holdings in SAP were worth $1,794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Holocene Advisors LP bought a new position in shares of SAP during the 3rd quarter valued at $10,869,000. Atomi Financial Group Inc. grew its holdings in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after purchasing an additional 3,495 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker's stock valued at $2,048,000 after purchasing an additional 8,380 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of SAP during the 4th quarter valued at $654,000.

Analyst Ratings Changes

SAP has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays increased their price target on shares of SAP from $275.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $276.00.

SAP Trading Down 0.8 %

Shares of NYSE:SAP traded down $2.11 on Tuesday, hitting $273.49. The company had a trading volume of 2,067,713 shares, compared to its average volume of 1,074,135. The firm's 50-day simple moving average is $250.48 and its two-hundred day simple moving average is $231.22. SAP SE has a 1 year low of $173.05 and a 1 year high of $277.36. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $335.99 billion, a price-to-earnings ratio of 109.40, a P/E/G ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results 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 return on equity of 11.44% and a net margin of 8.15%. Equities analysts anticipate that SAP SE will post 4.64 earnings per share for the current fiscal year.

SAP Company 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.