Assetmark Inc. Buys 5,310 Shares of SAP SE (NYSE:SAP)

Assetmark Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 61,659 shares of the software maker’s stock after acquiring an additional 5,310 shares during the quarter. Assetmark Inc.’s holdings in SAP were worth $15,181,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAP. Centricity Wealth Management LLC bought a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the fourth quarter valued at approximately $27,000. Albion Financial Group UT boosted 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 acquiring an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in SAP in the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new position in SAP in the third quarter valued at approximately $47,000.

SAP Trading Down 2.6 %

SAP opened at $279.19 on Friday. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. 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 firm’s fifty day moving average is $271.52 and its two-hundred day moving average is $245.72. The firm has a market cap of $342.98 billion, a PE ratio of 97.28, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SAP. Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. 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. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, JMP Securities increased their target price 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $248.83.

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.