Fisher Asset Management LLC Sells 116,307 Shares of SAP SE (NYSE:SAP)

Fisher Asset Management LLC decreased its position in shares of SAP SE (NYSE:SAP - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,714,182 shares of the software maker's stock after selling 116,307 shares during the period. Fisher Asset Management LLC owned about 0.38% of SAP worth $1,080,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Modera Wealth Management LLC boosted its stake in SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker's stock valued at $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in SAP by 3.5% in the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker's stock valued at $300,000 after acquiring an additional 51 shares during the last quarter. PDS Planning Inc boosted its stake in SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock valued at $915,000 after acquiring an additional 51 shares during the last quarter. RFP Financial Group LLC raised its holdings in SAP by 17.5% in the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker's stock worth $70,000 after purchasing an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton raised its holdings in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after purchasing an additional 52 shares during the period.

SAP Stock Down 1.1 %

SAP traded down $2.51 during trading on Monday, hitting $233.74. The company had a trading volume of 616,320 shares, compared to its average volume of 801,141. The company has a market capitalization of $287.15 billion, a PE ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. SAP SE has a one year low of $148.38 and a one year high of $243.01. The firm's 50-day moving average price is $230.85 and its 200 day moving average price is $212.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the firm earned $1.20 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that SAP SE will post 4.89 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.