Coerente Capital Management Has $27.91 Million Stock Holdings in SAP SE (NYSE:SAP)

Coerente Capital Management trimmed its holdings in shares of SAP SE (NYSE:SAP) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,348 shares of the software maker’s stock after selling 401 shares during the period. SAP makes up 5.2% of Coerente Capital Management’s investment portfolio, making the stock its 6th largest holding. Coerente Capital Management’s holdings in SAP were worth $27,907,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Holocene Advisors LP acquired a new stake in SAP in the third quarter worth $10,869,000. Atomi Financial Group Inc. boosted its position in shares of 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 purchasing an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. increased 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 in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after buying an additional 8,380 shares during the period.

Analyst Ratings Changes

SAP has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets lifted 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. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

SAP stock opened at $276.42 on Friday. The stock has a market cap of $339.58 billion, a P/E ratio of 96.31, a P/E/G ratio of 3.93 and a beta of 1.22. 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 company’s 50 day moving average price is $253.80 and its two-hundred day moving average price is $232.85. SAP SE has a 52 week low of $173.05 and a 52 week high of $280.53.

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 the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%. On average, equities analysts predict that SAP SE will post 6.35 earnings per share for the current 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.