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

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

Other institutional investors and hedge funds have also modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT grew its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in SAP during the third quarter valued at approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP during the fourth quarter valued at approximately $42,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of SAP opened at $264.05 on Friday. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The firm has a fifty day simple moving average of $273.62 and a 200 day simple moving average of $247.83. The stock 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 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 return on equity of 12.18% and a net margin of 9.17%. Research 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.