Chartwell Investment Partners LLC Decreases Stake in SAP SE (NYSE:SAP)

Chartwell Investment Partners LLC reduced its stake in SAP SE (NYSE:SAP - Free Report) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,430 shares of the software maker's stock after selling 6,152 shares during the quarter. Chartwell Investment Partners LLC's holdings in SAP were worth $11,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Geneos Wealth Management Inc. increased its position in SAP by 254.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker's stock valued at $33,000 after acquiring an additional 122 shares during the period. Wealthspire Advisors LLC bought a new stake in SAP in the first quarter valued at approximately $237,000. Concurrent Investment Advisors LLC bought a new stake in SAP in the first quarter valued at $215,000. Russell Investments Group Ltd. increased its stake in shares of SAP by 19.4% during the first quarter. Russell Investments Group Ltd. now owns 143,887 shares of the software maker's stock valued at $28,062,000 after purchasing an additional 23,353 shares in the last quarter. Finally, Henry James International Management Inc. raised its stake in SAP by 18.9% during the 1st quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker's stock valued at $9,536,000 after buying an additional 7,765 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SAP shares. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price objective on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $252.33.

SAP Trading Down 0.8 %

SAP stock traded down $1.88 during trading hours on Monday, reaching $235.68. The company had a trading volume of 557,995 shares, compared to its average volume of 799,021. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a 12-month low of $143.71 and a 12-month high of $243.01. The firm has a market cap of $289.53 billion, a price-to-earnings ratio of 95.02, a P/E/G ratio of 4.55 and a beta of 1.25. The company has a 50-day moving average price of $227.28 and a 200 day moving average price of $208.95.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. Equities analysts forecast that SAP SE will post 4.9 earnings per share for the current year.

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.