Wells Fargo & Company MN Has $230.76 Million Stock Holdings in SAP SE (NYSE:SAP)

Wells Fargo & Company MN grew its stake in SAP SE (NYSE:SAP) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 937,267 shares of the software maker’s stock after purchasing an additional 33,400 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of SAP worth $230,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new position in SAP during the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT increased its stake in SAP by 122.4% in 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 in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in SAP in the fourth quarter worth $42,000.

SAP Stock Performance

Shares of NYSE SAP opened at $249.38 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a 50 day moving average price of $276.41 and a 200 day moving average price of $253.26. The stock has a market capitalization of $306.37 billion, a PE ratio of 86.89, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70.

SAP (NYSE:SAP) last released its earnings results 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 net margin of 9.17% and a return on equity of 12.18%. Analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities upped their price target 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. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $248.83.

SAP Company 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.