Brandes Investment Partners LP Decreases Stock Position in SAP SE (NYSE:SAP)

Brandes Investment Partners LP lessened its position in SAP SE (NYSE:SAP) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,470 shares of the software maker’s stock after selling 108,377 shares during the quarter. Brandes Investment Partners LP’s holdings in SAP were worth $31,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centricity Wealth Management LLC purchased a new position in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its position in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares in the last quarter. Albion Financial Group UT lifted its position in SAP by 122.4% during 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in SAP during the third quarter worth approximately $42,000.

SAP Price Performance

NYSE:SAP opened at $264.05 on Friday. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. 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 company has a market capitalization of $324.38 billion, a P/E ratio of 92.00, a P/E/G ratio of 4.71 and a beta of 1.25. The stock’s fifty day moving average is $273.62 and its two-hundred day moving average is $247.62.

SAP (NYSE:SAP) last issued its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. Equities analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SAP shares. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $248.83.

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.