Deutsche Bank AG increased its stake in SAP SE (NYSE:SAP) by 5,035.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 239,009 shares of the software maker’s stock after buying an additional 234,355 shares during the quarter. Deutsche Bank AG’s holdings in SAP were worth $23,792,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fisher Asset Management LLC raised its stake in SAP by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 6,926,072 shares of the software maker’s stock valued at $689,491,000 after acquiring an additional 170,359 shares during the period. FMR LLC raised its stake in SAP by 32.1% in the 4th quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock valued at $350,010,000 after acquiring an additional 854,993 shares during the period. Bank of America Corp DE raised its stake in SAP by 0.8% in the 4th quarter. Bank of America Corp DE now owns 2,462,235 shares of the software maker’s stock valued at $245,116,000 after acquiring an additional 20,431 shares during the period. GQG Partners LLC raised its stake in SAP by 108.4% in the 4th quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock valued at $220,951,000 after acquiring an additional 1,153,894 shares during the period. Finally, Northern Trust Corp raised its stake in SAP by 0.6% in the 4th quarter. Northern Trust Corp now owns 1,666,916 shares of the software maker’s stock valued at $165,942,000 after acquiring an additional 9,312 shares during the period. 4.57% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on SAP. Morgan Stanley restated a “neutral” rating on shares of SAP in a research note on Wednesday, April 3rd. UBS Group cut SAP from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a research note on Tuesday. HSBC cut SAP from a “buy” rating to a “hold” rating in a research note on Tuesday. JMP Securities restated a “buy” rating and issued a $131.00 price objective on shares of SAP in a research note on Wednesday, March 13th. Finally, Royal Bank of Canada restated a “neutral” rating on shares of SAP in a research note on Friday, February 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $116.50.

Shares of SAP opened at $110.37 on Wednesday. SAP SE has a twelve month low of $94.81 and a twelve month high of $127.16. The stock has a market cap of $136.52 billion, a PE ratio of 24.36, a P/E/G ratio of 2.43 and a beta of 1.02. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.37.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts predict that SAP SE will post 5.02 earnings per share for the current fiscal year.

WARNING: “SAP SE (SAP) Shares Bought by Deutsche Bank AG” was originally published by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.watchlistnews.com/sap-se-sap-shares-bought-by-deutsche-bank-ag/2952382.html.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

Featured Story: Buy-Side Analysts

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.