876 Shares in SAP SE (NYSE:SAP) Acquired by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. bought a new stake in shares of SAP SE (NYSE:SAP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 876 shares of the software maker’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted 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 valued at $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of SAP in the fourth quarter worth approximately $290,023,000. Jennison Associates LLC bought a new stake in shares of SAP in the fourth quarter worth approximately $47,195,000. International Assets Investment Management LLC purchased a new position in shares of SAP during the third quarter valued at approximately $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in SAP by 644.9% during the third 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SAP shares. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Down 1.8 %

NYSE SAP opened at $282.87 on Monday. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. 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 $347.50 billion, a P/E ratio of 98.56, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The stock’s 50-day moving average price is $265.88 and its 200-day moving average price is $241.73.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 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%. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

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.