Rockefeller Capital Management L.P. Purchases 1,971 Shares of SAP SE (NYSE:SAP)

Rockefeller Capital Management L.P. grew its position in SAP SE (NYSE:SAP) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,491 shares of the software maker’s stock after purchasing an additional 1,971 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SAP were worth $5,520,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SAP. WCM Investment Management LLC bought a new stake in SAP during the fourth quarter valued at $290,023,000. TD Asset Management Inc. boosted its position 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 valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after purchasing an additional 798,037 shares during the period. Wellington Management Group LLP bought a new stake in SAP in the fourth quarter worth approximately $163,630,000. Finally, Raymond James Financial Inc. acquired a new position in SAP in the fourth quarter valued at approximately $150,668,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JMP Securities lifted their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets reduced their target price on SAP from $307.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $247.67.

SAP Trading Down 1.3 %

Shares of SAP stock opened at $257.02 on Friday. The company has a market capitalization of $315.75 billion, a P/E ratio of 89.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The stock has a fifty day simple moving average of $271.11 and a 200 day simple moving average of $254.90. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. 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 (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 net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $2.5423 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP’s previous annual dividend of $2.39. SAP’s payout ratio is presently 64.11%.

SAP 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.