Envestnet Asset Management Inc. Has $288.58 Million Holdings in SAP SE (NYSE:SAP)

Envestnet Asset Management Inc. grew its holdings in SAP SE (NYSE:SAP) by 30.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,172,103 shares of the software maker’s stock after acquiring an additional 273,417 shares during the period. Envestnet Asset Management Inc.’s holdings in SAP were worth $288,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Fisher Asset Management LLC lifted its holdings in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after buying an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after buying an additional 798,037 shares during the period. WCM Investment Management LLC acquired a new position in SAP in the 4th quarter valued at about $290,023,000. Finally, Wells Fargo & Company MN raised its holdings in SAP by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 937,267 shares of the software maker’s stock valued at $230,764,000 after acquiring an additional 33,400 shares during the period.

SAP Price Performance

SAP stock opened at $249.38 on Friday. The company has a market capitalization of $306.37 billion, a P/E ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. The company has a fifty day moving average price of $276.41 and a 200-day moving average price of $253.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.

SAP (NYSE:SAP) last announced its earnings results 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%. As a group, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

SAP has been the topic of several research reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities upped their price target 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. Finally, BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.