SAP SE (NYSE:SAP) Shares Bought by Huntington National Bank

by · The Cerbat Gem

Huntington National Bank lifted its stake in shares of SAP SE (NYSE:SAP – Free Report) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,172 shares of the software maker’s stock after purchasing an additional 235 shares during the quarter. Huntington National Bank’s holdings in SAP were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Centricity Wealth Management LLC acquired a new position in shares of SAP during the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the 4th quarter valued at about $27,000. Rakuten Securities Inc. boosted its stake in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT grew its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP in the fourth quarter valued at approximately $42,000.

SAP Stock Performance

SAP opened at $249.38 on Friday. 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 firm has a market cap of $306.37 billion, a PE ratio of 86.89, a P/E/G ratio of 4.71 and a beta of 1.28. The business has a fifty day simple moving average of $276.41 and a 200-day simple moving average of $253.04. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70.

SAP (NYSE:SAP – Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. As a group, equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $248.83.

View Our Latest Analysis on SAP

SAP Profile

(Free Report)

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.

Further Reading

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