Cambiar Investors LLC Sells 6,829 Shares of SAP SE (NYSE:SAP)

Cambiar Investors LLC reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,083 shares of the software maker's stock after selling 6,829 shares during the quarter. Cambiar Investors LLC's holdings in SAP were worth $16,517,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SAP. Brookstone Capital Management bought a new stake in shares of SAP during the 3rd quarter valued at about $223,000. CWM LLC grew its stake in shares of SAP by 5.3% during the 3rd quarter. CWM LLC now owns 3,018 shares of the software maker's stock valued at $691,000 after purchasing an additional 151 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of SAP by 4.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,546 shares of the software maker's stock valued at $583,000 after purchasing an additional 114 shares during the period. Koshinski Asset Management Inc. bought a new stake in shares of SAP during the 3rd quarter valued at about $213,000. Finally, Grove Bank & Trust grew its stake in shares of SAP by 30.0% during the 3rd quarter. Grove Bank & Trust now owns 659 shares of the software maker's stock valued at $151,000 after purchasing an additional 152 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SAP shares. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price objective for the company 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 company a "market outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $248.83.

SAP Price Performance

NYSE SAP traded down $3.20 during trading hours on Friday, reaching $290.49. The company's stock had a trading volume of 783,848 shares, compared to its average volume of 1,046,108. The firm's 50-day moving average price is $261.52 and its 200-day moving average price is $237.74. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 1 year low of $174.88 and a 1 year high of $293.70. The company has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a PEG ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

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.