SAP SE (NYSE:SAP) Receives $263.17 Average PT from Analysts

SAP SE (NYSE:SAP) has earned a consensus rating of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $276.00.

Several equities analysts have recently weighed in on the stock. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays boosted their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On SAP

A number of large investors have recently added to or reduced their stakes in SAP. Dimensional Fund Advisors LP grew its holdings in shares of SAP by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock worth $9,232,000 after purchasing an additional 1,158 shares in the last quarter. Blair William & Co. IL lifted its position in SAP by 144.0% during the second quarter. Blair William & Co. IL now owns 3,084 shares of the software maker’s stock worth $622,000 after purchasing an additional 1,820 shares during the period. Hsbc Holdings PLC grew its stake in SAP by 57.0% during the second quarter. Hsbc Holdings PLC now owns 5,643 shares of the software maker’s stock worth $1,139,000 after buying an additional 2,048 shares in the last quarter. AE Wealth Management LLC increased its holdings in SAP by 12.1% in the 2nd quarter. AE Wealth Management LLC now owns 6,878 shares of the software maker’s stock valued at $1,387,000 after buying an additional 741 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of SAP by 660.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 42,688 shares of the software maker’s stock valued at $8,611,000 after buying an additional 37,077 shares in the last quarter.

SAP Stock Down 0.4 %

SAP opened at $275.31 on Thursday. The stock’s fifty day simple moving average is $249.60 and its 200 day simple moving average is $230.70. SAP has a 1-year low of $173.05 and a 1-year high of $277.36. The stock has a market cap of $338.22 billion, a PE ratio of 110.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

About SAP

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.