SAP SE (NYSE:SAP) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of SAP SE (NYSE:SAP) by 35.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,829 shares of the software maker’s stock after acquiring an additional 2,044 shares during the period. Blue Trust Inc.’s holdings in SAP were worth $1,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Holocene Advisors LP acquired a new stake in shares of SAP during the third quarter worth about $10,869,000. Atomi Financial Group Inc. lifted its holdings in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. JPMorgan Chase & Co. boosted its position in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the period. Benjamin Edwards Inc. grew its stake in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after acquiring an additional 8,380 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of SAP during the fourth quarter worth $654,000.

SAP Stock Performance

Shares of SAP opened at $275.31 on Tuesday. The company has a market capitalization of $338.22 billion, a price-to-earnings ratio of 110.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. SAP SE has a 52-week low of $173.05 and a 52-week high of $277.36. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $249.60 and a 200 day moving average price of $230.70.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAP. Barclays lifted their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten 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 price target of $276.00.

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.