Ieq Capital LLC Buys 632 Shares of SAP SE (NYSE:SAP)

Ieq Capital LLC grew its stake in SAP SE (NYSE:SAP) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,203 shares of the software maker’s stock after purchasing an additional 632 shares during the period. Ieq Capital LLC’s holdings in SAP were worth $2,512,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its position in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $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 4th quarter worth about $290,023,000. Jennison Associates LLC purchased a new position in shares of SAP during the 4th quarter worth about $47,195,000. International Assets Investment Management LLC bought a new position in SAP during the 3rd quarter valued at about $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares during the period.

SAP Trading Down 1.8 %

NYSE:SAP opened at $282.87 on Monday. The firm has a 50-day simple moving average of $265.88 and a 200-day simple moving average of $241.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $347.50 billion, a P/E ratio of 98.56, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings results 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%. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent analyst reports. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued 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 research report on Thursday, January 30th. BMO Capital Markets upped their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.