SAP SE (NYSE:SAP) Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lessened its position in SAP SE (NYSE:SAP) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,157 shares of the software maker’s stock after selling 12,250 shares during the period. Sustainable Growth Advisers LP’s holdings in SAP were worth $17,273,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Holocene Advisors LP purchased a new stake in SAP in the third quarter valued at approximately $10,869,000. Atomi Financial Group Inc. grew its holdings in SAP by 38.9% in the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in SAP by 208.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after purchasing an additional 11,057 shares during the period. JPMorgan Chase & Co. grew its holdings in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after purchasing an additional 249,824 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 3.5 %

SAP opened at $254.84 on Friday. The stock has a market capitalization of $313.08 billion, a PE ratio of 88.80, a P/E/G ratio of 4.71 and a beta of 1.25. The firm’s fifty day moving average price is $273.17 and its 200 day moving average price is $247.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts expect 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.