Fisher Asset Management LLC Has $1.26 Billion Holdings in SAP SE (NYSE:SAP)

Fisher Asset Management LLC lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,118,138 shares of the software maker's stock after purchasing an additional 403,956 shares during the period. Fisher Asset Management LLC owned approximately 0.42% of SAP worth $1,260,137,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAP. FMR LLC raised its position 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 acquiring an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new stake in SAP in the fourth quarter worth about $290,023,000. Jennison Associates LLC bought a new stake in SAP during the 4th quarter worth about $47,195,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock valued at $37,648,000 after purchasing an additional 142,270 shares during the period. Finally, WT Asset Management Ltd bought a new position in shares of SAP in the 4th quarter valued at about $17,259,000.

SAP Trading Up 3.5 %

Shares of SAP traded up $9.52 during trading hours on Monday, reaching $284.52. The stock had a trading volume of 1,335,188 shares, compared to its average volume of 1,077,469. The firm has a 50-day moving average of $269.19 and a 200 day moving average of $244.29. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $349.53 billion, a P/E ratio of 99.20, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (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%. On average, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SAP. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. JMP Securities upped their target price 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. 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. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and a consensus target price of $248.83.

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.