Capital Wealth Planning LLC Trims Stake in SAP SE (NYSE:SAP)

Capital Wealth Planning LLC trimmed its position in SAP SE (NYSE:SAP - Free Report) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,179 shares of the software maker's stock after selling 4,820 shares during the quarter. Capital Wealth Planning LLC's holdings in SAP were worth $5,214,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of SAP by 8.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. WCM Investment Management LLC bought a new stake in SAP in the fourth quarter worth $290,023,000. Principal Financial Group Inc. raised its stake in SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after purchasing an additional 4,775 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in SAP by 1.4% during 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 last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAP shares. JMP Securities boosted their target price 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. TD Cowen raised SAP from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of "Buy" and an average price target of $248.83.

SAP Trading Up 2.1 %

Shares of SAP traded up $5.81 during mid-day trading on Monday, reaching $280.81. 1,914,190 shares of the company's stock traded hands, compared to its average volume of 1,093,865. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock's 50-day moving average is $269.83 and its two-hundred day moving average is $244.75. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market cap of $344.98 billion, a P/E ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23.

SAP (NYSE:SAP - Get Free Report) last announced 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 net margin of 9.17% and a return on equity of 12.18%. Research analysts forecast that SAP SE will post 6.55 earnings per share 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.