Dorsey Wright & Associates Sells 3,913 Shares of SAP SE (NYSE:SAP)

Dorsey Wright & Associates lowered its stake in SAP SE (NYSE:SAP - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,496 shares of the software maker's stock after selling 3,913 shares during the quarter. Dorsey Wright & Associates' holdings in SAP were worth $3,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Arrowstreet Capital Limited Partnership raised its stake in shares of SAP by 49.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 423,905 shares of the software maker's stock valued at $104,370,000 after acquiring an additional 139,647 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of SAP by 25.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,787 shares of the software maker's stock worth $440,000 after buying an additional 365 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in shares of SAP during the fourth quarter valued at approximately $417,000. JPMorgan Chase & Co. raised its holdings in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SAP by 473.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081 shares of the software maker's stock valued at $502,000 after acquiring an additional 1,718 shares in the last quarter.

SAP Stock Performance

NYSE SAP traded down $5.48 on Thursday, hitting $265.94. 1,307,167 shares of the company traded hands, compared to its average volume of 927,314. The business's 50 day moving average price is $277.17 and its 200-day moving average price is $252.78. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $326.71 billion, a price-to-earnings ratio of 92.66, a P/E/G ratio of 4.71 and a beta of 1.25.

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SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note 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 note on Wednesday, January 29th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and lifted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $248.83.

SAP Company 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.