WT Asset Management Ltd Invests $17.26 Million in SAP SE (NYSE:SAP)

WT Asset Management Ltd acquired a new stake in SAP SE (NYSE:SAP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 70,100 shares of the software maker’s stock, valued at approximately $17,259,000. SAP comprises 1.9% of WT Asset Management Ltd’s holdings, making the stock its 13th biggest position.

Several other hedge funds have also added to or reduced their stakes in SAP. FMR LLC lifted its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. Principal Financial Group Inc. raised its position in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the period. Stifel Financial Corp grew its position in shares of SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of SAP in the fourth quarter valued at about $47,195,000.

SAP Price Performance

Shares of NYSE SAP opened at $278.07 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $254.57 and its 200-day moving average price is $233.81. The firm has a market capitalization of $341.61 billion, a P/E ratio of 96.89, a P/E/G ratio of 4.53 and a beta of 1.23. SAP SE has a 1-year low of $173.09 and a 1-year high of $280.53.

SAP (NYSE:SAP) last posted 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%. Equities research analysts anticipate that SAP SE will post 6.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SAP shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. 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 research 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. Finally, Barclays increased their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus 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.