HighTower Advisors LLC Purchases 16,197 Shares of SAP SE (NYSE:SAP)

HighTower Advisors LLC boosted its position in shares of SAP SE (NYSE:SAP) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,695 shares of the software maker’s stock after acquiring an additional 16,197 shares during the quarter. HighTower Advisors LLC’s holdings in SAP were worth $18,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Aptus Capital Advisors LLC bought a new stake in SAP during the third quarter worth $206,000. Oppenheimer & Co. Inc. bought a new position in shares of SAP in the third quarter valued at about $210,000. Huntington National Bank raised its position in shares of SAP by 12.4% in the third quarter. Huntington National Bank now owns 1,937 shares of the software maker’s stock valued at $444,000 after purchasing an additional 214 shares during the period. Zions Bancorporation N.A. raised its position in shares of SAP by 37.3% in the third quarter. Zions Bancorporation N.A. now owns 3,311 shares of the software maker’s stock valued at $759,000 after purchasing an additional 899 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of SAP by 9.8% in the third quarter. CIBC Asset Management Inc now owns 50,247 shares of the software maker’s stock valued at $11,425,000 after purchasing an additional 4,484 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Up 3.5 %

Shares of SAP stock opened at $264.05 on Friday. The company has a market capitalization of $324.38 billion, a price-to-earnings ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The firm’s 50-day moving average price is $273.62 and its two-hundred day moving average price is $247.83.

SAP (NYSE:SAP) last announced 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%. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.