SAP SE (NYSE:SAP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 127.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,155 shares of the software maker’s stock after purchasing an additional 30,361 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SAP were worth $13,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Certuity LLC lifted its holdings in SAP by 13.6% in the 4th quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock valued at $448,000 after purchasing an additional 218 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in SAP in the 4th quarter valued at about $328,000. New Republic Capital LLC lifted its holdings in SAP by 49.7% in the 4th quarter. New Republic Capital LLC now owns 1,714 shares of the software maker’s stock valued at $422,000 after purchasing an additional 569 shares in the last quarter. Equitable Trust Co. lifted its holdings in SAP by 1,859.9% in the 4th quarter. Equitable Trust Co. now owns 18,482 shares of the software maker’s stock valued at $4,550,000 after purchasing an additional 17,539 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in SAP in the 4th quarter valued at about $204,000.

SAP Stock Down 1.1 %

Shares of NYSE:SAP opened at $290.49 on Tuesday. 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 52-week low of $174.88 and a 52-week high of $293.70. The company has a 50 day moving average of $262.25 and a two-hundred day moving average of $238.71. The company has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23.

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 return on equity of 12.18% and a net margin of 9.17%. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price 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. Finally, Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $248.83.

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.