Summit Global Investments Raises Holdings in SAP SE (NYSE:SAP)

Summit Global Investments lifted its stake in SAP SE (NYSE:SAP - Free Report) by 53.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,575 shares of the software maker's stock after purchasing an additional 1,938 shares during the quarter. Summit Global Investments' holdings in SAP were worth $1,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of SAP during the 3rd quarter worth about $210,000. Thrivent Financial for Lutherans raised its holdings in SAP by 79.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock worth $852,000 after purchasing an additional 1,642 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of SAP during the 3rd quarter worth approximately $47,000. Advisors Asset Management Inc. boosted its holdings in shares of SAP by 15.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 13,595 shares of the software maker's stock valued at $3,115,000 after buying an additional 1,770 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of SAP in the 3rd quarter valued at $223,000.

SAP Stock Performance

Shares of SAP stock traded up $0.16 during midday trading on Thursday, hitting $268.16. The company had a trading volume of 598,454 shares, compared to its average volume of 907,380. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company's 50 day simple moving average is $276.82 and its 200 day simple moving average is $250.97. The stock has a market cap of $329.43 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 4.71 and a beta of 1.25.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Finally, Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price 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.