National Bank of Canada FI Acquires 2,445 Shares of SAP SE (NYSE:SAP)

National Bank of Canada FI raised its holdings in shares of SAP SE (NYSE:SAP) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,692 shares of the software maker’s stock after purchasing an additional 2,445 shares during the quarter. National Bank of Canada FI’s holdings in SAP were worth $18,636,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in SAP by 24.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after buying an additional 12,948 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of SAP during the third quarter valued at approximately $296,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of SAP by 30.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker’s stock valued at $3,299,000 after purchasing an additional 3,400 shares during the period. Rockefeller Capital Management L.P. grew its stake in SAP by 17.7% in the third quarter. Rockefeller Capital Management L.P. now owns 20,520 shares of the software maker’s stock worth $4,690,000 after purchasing an additional 3,080 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in SAP by 54.6% during the 3rd quarter. Verition Fund Management LLC now owns 2,363 shares of the software maker’s stock worth $541,000 after purchasing an additional 835 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Down 2.5 %

NYSE SAP opened at $264.55 on Friday. The firm has a market cap of $325.00 billion, a PE ratio of 92.18, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 50 day moving average price of $276.95 and a 200 day moving average price of $252.86.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.