Brighton Jones LLC Increases Holdings in SAP SE (NYSE:SAP)

Brighton Jones LLC lifted its position in SAP SE (NYSE:SAP) by 91.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,633 shares of the software maker’s stock after buying an additional 1,255 shares during the period. Brighton Jones LLC’s holdings in SAP were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SAP. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter worth about $25,000. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new stake in SAP during the third quarter valued at approximately $42,000. Financial Management Professionals Inc. increased its holdings in SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after buying an additional 103 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in SAP in the third quarter worth approximately $47,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Barclays raised their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $264.50.

SAP Trading Up 0.4 %

SAP stock opened at $276.41 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a 1-year low of $172.32 and a 1-year high of $277.36. The business has a 50 day simple moving average of $249.60 and a two-hundred day simple moving average of $230.29. The company has a market capitalization of $339.56 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 3.89 and a beta of 1.22.

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.