SAP SE (NYSE:SAP) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC lessened its stake in shares of SAP SE (NYSE:SAP) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,573 shares of the software maker’s stock after selling 375 shares during the period. Stonegate Investment Group LLC’s holdings in SAP were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wedmont Private Capital boosted its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 49 shares during the last quarter. PDS Planning Inc grew its stake in shares of SAP by 1.3% in the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the last quarter. Finally, Veracity Capital LLC lifted its holdings in SAP by 4.9% in the fourth quarter. Veracity Capital LLC now owns 1,132 shares of the software maker’s stock valued at $279,000 after acquiring an additional 53 shares during the last quarter.

SAP Trading Down 0.8 %

Shares of SAP stock opened at $273.49 on Wednesday. SAP SE has a fifty-two week low of $173.05 and a fifty-two week high of $277.36. The company has a 50 day moving average price of $250.48 and a 200 day moving average price of $231.22. The stock has a market capitalization of $335.99 billion, a P/E ratio of 109.40, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Equities research analysts predict that SAP SE will post 4.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen upgraded 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 report on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets lifted their price target 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. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their target price on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $276.00.

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.