Brandes Investment Partners LP Sells 108,377 Shares of SAP SE (NYSE:SAP)

Brandes Investment Partners LP decreased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,470 shares of the software maker's stock after selling 108,377 shares during the period. Brandes Investment Partners LP's holdings in SAP were worth $31,631,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. FMR LLC boosted its position in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. Fisher Asset Management LLC boosted its position in SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. WCM Investment Management LLC purchased a new position in SAP in the fourth quarter worth $290,023,000. Raymond James Financial Inc. purchased a new position in SAP in the fourth quarter worth $150,668,000. Finally, Principal Financial Group Inc. boosted its position in SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter.

SAP Stock Performance

Shares of SAP traded up $0.73 during mid-day trading on Wednesday, hitting $271.37. The stock had a trading volume of 1,604,796 shares, compared to its average volume of 893,012. The firm has a market cap of $333.37 billion, a P/E ratio of 94.55, a PEG ratio of 4.71 and a beta of 1.25. The business has a fifty day moving average price of $274.50 and a 200-day moving average price of $248.77. 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 52 week low of $175.08 and a 52 week high of $293.70.

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SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. On average, equities research analysts expect that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SAP shares. JMP Securities boosted 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. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays boosted 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. Finally, BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $248.83.

About SAP

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.