SAP SE (SAP) Position Increased by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. boosted its stake in SAP SE (NYSE:SAP) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,259 shares of the software maker’s stock after buying an additional 9,450 shares during the quarter. SAP makes up about 1.6% of Lenox Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position. Lenox Wealth Management Inc.’s holdings in SAP were worth $5,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SAP. Signature Estate & Investment Advisors LLC bought a new position in SAP in the 3rd quarter valued at $100,000. Bank of Nova Scotia Trust Co. bought a new position in SAP in the 3rd quarter valued at $123,000. Dixon Hubard Feinour & Brown Inc. VA bought a new position in SAP in the 3rd quarter valued at $203,000. Boston Advisors LLC bought a new position in SAP in the 3rd quarter valued at $209,000. Finally, Glovista Investments LLC bought a new position in SAP in the 3rd quarter valued at $216,000. 3.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAP SE (SAP) traded up $1.49 during trading on Wednesday, hitting $114.27. The company had a trading volume of 524,500 shares, compared to its average volume of 834,180. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP SE has a twelve month low of $89.31 and a twelve month high of $116.90. The firm has a market capitalization of $140,360.00, a PE ratio of 30.15, a PEG ratio of 3.00 and a beta of 1.14.

Several equities analysts have issued reports on SAP shares. Argus lifted their price objective on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Oppenheimer restated a “buy” rating and set a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Morgan Stanley downgraded SAP from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 11th. Finally, Desjardins upgraded SAP to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. SAP has an average rating of “Buy” and a consensus price target of $102.55.

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SAP Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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