SAP SE (NYSE:SAP) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,486 shares of the software maker's stock after acquiring an additional 3,495 shares during the period. Atomi Financial Group Inc.'s holdings in SAP were worth $3,074,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Davies Financial Advisors Inc. acquired a new stake in shares of SAP in the fourth quarter valued at $336,000. Mitchell & Pahl Private Wealth LLC increased its stake in SAP by 3.4% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 5,139 shares of the software maker's stock worth $1,265,000 after purchasing an additional 168 shares during the period. Ballentine Partners LLC lifted its position in shares of SAP by 12.7% during the fourth quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker's stock worth $1,777,000 after purchasing an additional 813 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in shares of SAP by 7.7% in the fourth quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker's stock valued at $268,000 after purchasing an additional 78 shares during the period. Finally, Koshinski Asset Management Inc. increased its stake in SAP by 13.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker's stock worth $259,000 after buying an additional 122 shares during the period.

SAP Stock Performance

NYSE:SAP traded up $6.31 during mid-day trading on Tuesday, reaching $269.14. 949,445 shares of the stock were exchanged, compared to its average volume of 960,464. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1 year low of $161.07 and a 1 year high of $269.29. The company has a 50 day simple moving average of $246.21 and a 200-day simple moving average of $228.71. The stock has a market capitalization of $330.64 billion, a P/E ratio of 107.66, a P/E/G ratio of 3.72 and a beta of 1.22.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that SAP SE will post 4.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SAP shares. TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price objective on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has an average rating of "Buy" and a consensus price target of $263.17.

SAP Company 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.