SAP SE (NYSE:SAP) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its holdings in SAP SE (NYSE:SAP - Free Report) by 208.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,367 shares of the software maker's stock after purchasing an additional 11,057 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in SAP were worth $4,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA purchased a new stake in SAP during the 4th quarter worth $27,000. Blue Trust Inc. grew its holdings in SAP by 35.3% in the 4th quarter. Blue Trust Inc. now owns 7,829 shares of the software maker's stock worth $1,794,000 after buying an additional 2,044 shares in the last quarter. Granite Group Advisors LLC acquired a new stake in SAP in the fourth quarter worth approximately $353,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of SAP in the fourth quarter valued at $222,000. Finally, Moody Lynn & Lieberson LLC boosted its stake in SAP by 50.3% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 19,368 shares of the software maker's stock worth $4,769,000 after purchasing an additional 6,483 shares during the period.

Analysts Set New Price Targets

A number of analysts have issued reports on SAP shares. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and raised their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Barclays increased their target price on shares of SAP from $275.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, JMP Securities raised their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $276.00.

SAP Stock Performance

Shares of SAP traded down $0.98 on Monday, reaching $275.31. 1,406,404 shares of the company's stock traded hands, compared to its average volume of 987,415. SAP SE has a 52-week low of $173.05 and a 52-week high of $277.36. The stock's 50 day simple moving average is $249.60 and its two-hundred day simple moving average is $230.70. The stock has a market cap of $338.22 billion, a PE ratio of 110.13, a PEG 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.