M&T Bank Corp Increases Position in SAP SE (NYSE:SAP)

M&T Bank Corp lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,624 shares of the software maker's stock after purchasing an additional 26,504 shares during the period. M&T Bank Corp's holdings in SAP were worth $13,203,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Atria Investments Inc increased its stake in shares of SAP by 9.1% during the 4th quarter. Atria Investments Inc now owns 34,271 shares of the software maker's stock worth $8,438,000 after purchasing an additional 2,864 shares during the last quarter. Assetmark Inc. increased its stake in shares of SAP by 9.4% during the 4th quarter. Assetmark Inc. now owns 61,659 shares of the software maker's stock worth $15,181,000 after purchasing an additional 5,310 shares during the last quarter. Mayport LLC purchased a new stake in shares of SAP during the 4th quarter worth approximately $208,000. Keybank National Association OH increased its stake in shares of SAP by 0.9% during the 4th quarter. Keybank National Association OH now owns 13,573 shares of the software maker's stock worth $3,342,000 after purchasing an additional 117 shares during the last quarter. Finally, Exencial Wealth Advisors LLC increased its stake in shares of SAP by 0.8% during the 4th quarter. Exencial Wealth Advisors LLC now owns 12,023 shares of the software maker's stock worth $2,960,000 after purchasing an additional 101 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on SAP shares. Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. 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 raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has an average rating of "Buy" and an average target price of $248.83.

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SAP Price Performance

Shares of SAP traded down $2.91 during mid-day trading on Friday, reaching $276.43. 2,688,091 shares of the stock traded hands, compared to its average volume of 870,294. The firm has a fifty day moving average price of $272.04 and a 200 day moving average price of $246.32. The company has a market cap of $339.60 billion, a price-to-earnings ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 1 year low of $175.08 and a 1 year high of $293.70.

SAP (NYSE:SAP - Get Free Report) last released 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, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.