SAP SE (NYSE:SAP) Shares Purchased by Capital World Investors

Capital World Investors raised its position in SAP SE (NYSE:SAP - Free Report) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,589 shares of the software maker's stock after purchasing an additional 7,892 shares during the quarter. Capital World Investors' holdings in SAP were worth $5,621,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SAP. Fisher Asset Management LLC grew its position in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after acquiring an additional 403,956 shares during the period. TD Asset Management Inc. grew its holdings in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. increased its position in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in SAP by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker's stock valued at $288,583,000 after buying an additional 273,417 shares during the period. Finally, WCM Investment Management LLC acquired a new position in SAP in the fourth quarter valued at about $290,023,000.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $247.67.

SAP Price Performance

Shares of NYSE SAP opened at $250.65 on Tuesday. SAP SE has a 1-year low of $176.14 and a 1-year high of $293.70. The company has a market cap of $307.92 billion, a price-to-earnings ratio of 87.33, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. 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's 50-day moving average is $269.66 and its two-hundred day moving average is $255.78.

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 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%. Analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.