Choreo LLC Grows Holdings in SAP SE (NYSE:SAP)

Choreo LLC boosted its position in SAP SE (NYSE:SAP - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,311 shares of the software maker's stock after purchasing an additional 3,566 shares during the period. Choreo LLC's holdings in SAP were worth $6,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. FMR LLC grew its holdings in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. Principal Financial Group Inc. raised its position in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after acquiring an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 1.4% in the third 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 in the last quarter. Stifel Financial Corp grew its position in shares of SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock valued at $48,295,000 after purchasing an additional 23,352 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of SAP during the 4th quarter worth approximately $47,195,000.

SAP Trading Up 0.0 %

SAP stock traded up $0.01 on Thursday, hitting $283.20. 671,789 shares of the company were exchanged, compared to its average volume of 1,107,158. The stock has a market capitalization of $347.91 billion, a price-to-earnings ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23. The business's fifty day moving average is $256.46 and its two-hundred day moving average is $234.72. SAP SE has a twelve month low of $173.09 and a twelve month high of $283.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, research analysts forecast that SAP SE will post 6.53 earnings per share for the current year.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities boosted 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. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of "Buy" and a consensus price target of $248.83.

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.