Equitable Trust Co. Purchases 17,539 Shares of SAP SE (NYSE:SAP)

Equitable Trust Co. boosted its position in shares of SAP SE (NYSE:SAP) by 1,859.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,482 shares of the software maker’s stock after buying an additional 17,539 shares during the quarter. Equitable Trust Co.’s holdings in SAP were worth $4,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in SAP during the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter worth $27,000. Albion Financial Group UT raised its holdings in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new position in SAP in the 3rd quarter worth $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP in the 3rd quarter worth $47,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAP. JMP Securities upped 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 target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

Shares of NYSE SAP opened at $279.76 on Monday. The firm’s 50-day moving average price is $258.32 and its 200-day moving average price is $235.76. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $343.68 billion, a PE ratio of 97.48, a PEG ratio of 4.63 and a beta of 1.23. SAP SE has a 52-week low of $173.09 and a 52-week high of $283.90.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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 anticipate that SAP SE will post 6.55 EPS for the current year.

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.