Sanibel Captiva Trust Company Inc. Has $2.69 Million Stock Position in SAP SE (NYSE:SAP)

Sanibel Captiva Trust Company Inc. lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 75.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,907 shares of the software maker's stock after purchasing an additional 4,685 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in SAP were worth $2,685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of 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 purchasing an additional 1,866,468 shares during the period. Principal Financial Group Inc. raised its stake 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 period. JPMorgan Chase & Co. lifted its holdings in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Stifel Financial Corp boosted its stake in 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 acquiring an additional 23,352 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker's stock valued at $39,934,000 after purchasing an additional 15,604 shares during the last quarter.

SAP Price Performance

SAP traded up $1.16 during trading on Friday, reaching $262.74. The stock had a trading volume of 799,030 shares, compared to its average volume of 846,095. The stock has a 50 day moving average of $245.68 and a two-hundred day moving average of $228.12. 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 $322.77 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. SAP SE has a 1-year low of $158.94 and a 1-year high of $264.71.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the company earned $1.20 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that SAP SE will post 4.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAP shares. TD Cowen raised 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 report on Friday. Barclays raised their target price on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. JMP Securities lifted their price objective 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. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of "Buy" and an average price target of $263.17.

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.