SAP SE (NYSE:SAP) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC trimmed its stake in shares of SAP SE (NYSE:SAP) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 52,140 shares of the software maker’s stock after selling 1,301 shares during the period. SAP accounts for about 2.5% of Dividend Assets Capital LLC’s portfolio, making the stock its 11th biggest position. Dividend Assets Capital LLC’s holdings in SAP were worth $12,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SAP. Allspring Global Investments Holdings LLC raised its stake in shares of SAP by 376.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker’s stock worth $5,451,000 after purchasing an additional 18,799 shares during the last quarter. Eastern Bank acquired a new position in SAP in the 3rd quarter valued at $136,000. Private Advisor Group LLC raised its position in SAP by 6.4% during the 3rd quarter. Private Advisor Group LLC now owns 4,310 shares of the software maker’s stock worth $987,000 after buying an additional 260 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of SAP in the 3rd quarter worth $40,573,000. Finally, Brighton Jones LLC boosted its holdings in shares of SAP by 19.1% in the third quarter. Brighton Jones LLC now owns 1,378 shares of the software maker’s stock valued at $316,000 after acquiring an additional 221 shares in the last quarter.

Analysts Set New Price Targets

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

SAP Stock Down 1.8 %

SAP opened at $282.87 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23. SAP SE has a one year low of $175.08 and a one year high of $293.70. The business’s fifty day moving average is $265.88 and its two-hundred day moving average is $241.18.

SAP (NYSE:SAP) last released its quarterly earnings data 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 12.18% and a net margin of 9.17%. Analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.