Deutsche Bank AG Buys 1,396 Shares of SAP SE (NYSE:SAP)

Deutsche Bank AG boosted its stake in SAP SE (NYSE:SAP - Free Report) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,773 shares of the software maker's stock after buying an additional 1,396 shares during the period. Deutsche Bank AG's holdings in SAP were worth $1,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after buying an additional 403,956 shares during the period. TD Asset Management Inc. lifted its position in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. Northern Trust Corp lifted its position in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares during the period. JPMorgan Chase & Co. lifted its position in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Finally, Bank of America Corp DE lifted its position in SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after acquiring an additional 70,613 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAP. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets lifted their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays reaffirmed an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $271.83.

SAP Stock Down 1.3%

SAP stock traded down $3.93 during trading hours on Wednesday, hitting $297.91. The stock had a trading volume of 1,069,082 shares, compared to its average volume of 1,055,336. 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 stock has a market capitalization of $365.98 billion, a P/E ratio of 103.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP SE has a 12-month low of $179.43 and a 12-month high of $304.43. The stock's 50-day moving average price is $276.60 and its 200-day moving average price is $266.21.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were paid a $2.5423 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is currently 35.25%.

SAP 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.