WT Asset Management Ltd Acquires Shares of 70,100 SAP SE (NYSE:SAP)

WT Asset Management Ltd acquired a new stake in SAP SE (NYSE:SAP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,100 shares of the software maker's stock, valued at approximately $17,259,000. SAP accounts for approximately 1.9% of WT Asset Management Ltd's holdings, making the stock its 13th largest position.

Several other large investors also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its stake in shares of SAP by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,278 shares of the software maker's stock worth $807,000 after acquiring an additional 556 shares during the period. Mather Group LLC. lifted its position in shares of SAP by 13.3% in the fourth quarter. Mather Group LLC. now owns 1,950 shares of the software maker's stock valued at $480,000 after acquiring an additional 229 shares in the last quarter. Optas LLC lifted its position in shares of SAP by 4.9% in the fourth quarter. Optas LLC now owns 3,276 shares of the software maker's stock valued at $807,000 after acquiring an additional 154 shares in the last quarter. Jennison Associates LLC purchased a new position in SAP during the fourth quarter worth approximately $47,195,000. Finally, Resonant Capital Advisors LLC raised its position in SAP by 6.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,600 shares of the software maker's stock valued at $394,000 after purchasing an additional 94 shares during the period.

SAP Stock Down 0.5 %

NYSE:SAP traded down $1.37 during trading hours on Friday, hitting $281.86. 104,483 shares of the stock traded hands, compared to its average volume of 1,065,355. The firm has a 50 day moving average price of $257.48 and a 200 day moving average price of $235.06. 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 fifty-two week low of $173.09 and a fifty-two week high of $283.90. The firm has a market cap of $346.26 billion, a price-to-earnings ratio of 98.25, a PEG ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts anticipate that SAP SE will post 6.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of "Buy" and an average price target 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.