Clearbridge Investments LLC Trims Stake in SAP SE (NYSE:SAP)

Clearbridge Investments LLC reduced its position in SAP SE (NYSE:SAP - Free Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,441,844 shares of the software maker's stock after selling 296,288 shares during the quarter. Clearbridge Investments LLC owned approximately 0.12% of SAP worth $354,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after acquiring an additional 38 shares during the period. Lindbrook Capital LLC raised its position in shares of SAP by 2.0% in the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after purchasing an additional 43 shares during the period. Foster Group Inc. lifted its stake in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock valued at $268,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital boosted its holdings in SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after buying an additional 46 shares during the period. Finally, Addison Advisors LLC raised its holdings in SAP by 3.0% during the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after acquiring an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. 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 note on Wednesday, January 29th. Finally, Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP has an average rating of "Buy" and an average target price of $248.83.

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SAP Trading Up 0.4 %

NYSE:SAP traded up $1.02 during midday trading on Wednesday, reaching $271.36. 844,858 shares of the stock traded hands, compared to its average volume of 1,188,839. The stock has a market capitalization of $333.37 billion, a P/E ratio of 94.55, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a fifty day moving average of $277.20 and a 200 day moving average of $252.65. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70.

SAP (NYSE:SAP - Get Free Report) last issued 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%. On average, research analysts predict that SAP SE will post 6.55 EPS 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.