Wellington Management Group LLP Invests $163.63 Million in SAP SE (NYSE:SAP)

Wellington Management Group LLP acquired a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 664,595 shares of the software maker’s stock, valued at approximately $163,630,000. Wellington Management Group LLP owned 0.05% of SAP at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SAP. WCM Investment Management LLC purchased a new stake in shares of SAP in the fourth quarter worth approximately $290,023,000. TD Asset Management Inc. grew its position in SAP by 125.0% in 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 acquiring an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SAP by 145.5% in 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. Raymond James Financial Inc. bought a new stake in shares of SAP during the fourth quarter worth $150,668,000. Finally, Fisher Asset Management LLC boosted its stake in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the period.

Analyst Ratings Changes

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

SAP Trading Up 0.4 %

Shares of NYSE SAP opened at $271.36 on Thursday. The business has a fifty day moving average price of $277.17 and a 200 day moving average price of $252.78. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $333.37 billion, a P/E ratio of 94.55, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Equities research analysts expect 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.