Smartleaf Asset Management LLC Grows Holdings in SAP SE (NYSE:SAP)

Smartleaf Asset Management LLC raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 54.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,374 shares of the software maker's stock after purchasing an additional 2,244 shares during the period. Smartleaf Asset Management LLC's holdings in SAP were worth $1,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in SAP during the 4th quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the fourth quarter worth $27,000. Albion Financial Group UT raised its holdings in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new position in SAP in the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP during the third quarter valued at $47,000.

SAP Stock Up 2.9 %

Shares of SAP stock traded up $8.04 on Wednesday, reaching $287.09. The company's stock had a trading volume of 1,361,941 shares, compared to its average volume of 860,747. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The firm's fifty day simple moving average is $270.34 and its two-hundred day simple moving average is $245.19. 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 capitalization of $352.69 billion, a price-to-earnings ratio of 100.03, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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%. Equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, SAP has a consensus rating of "Buy" and an average target price of $248.83.

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.