Highland Capital Management LLC Sells 2,650 Shares of SAP SE (NYSE:SAP)

Highland Capital Management LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,750 shares of the software maker's stock after selling 2,650 shares during the quarter. Highland Capital Management LLC's holdings in SAP were worth $4,124,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gries Financial LLC acquired a new stake in shares of SAP during the 4th quarter valued at about $237,000. BOCHK Asset Management Ltd acquired a new stake in shares of SAP during the 4th quarter valued at about $74,000. R Squared Ltd acquired a new stake in SAP in the 4th quarter worth approximately $113,000. Foster Group Inc. lifted its holdings in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Finally, BSW Wealth Partners lifted its holdings in SAP by 12.8% in the 4th quarter. BSW Wealth Partners now owns 1,261 shares of the software maker's stock worth $310,000 after purchasing an additional 143 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have 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 research report on Thursday. BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a research report on Wednesday. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday. Finally, Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $248.83.

SAP Price Performance

NYSE:SAP traded up $1.86 during trading hours on Thursday, reaching $278.69. The company had a trading volume of 865,254 shares, compared to its average volume of 1,092,367. The stock has a 50-day moving average of $252.13 and a two-hundred day moving average of $232.02. SAP SE has a one year low of $173.05 and a one year high of $280.53. The firm has a market capitalization of $342.37 billion, a PE ratio of 111.82, a PEG ratio of 3.89 and a beta of 1.22. 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 announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Analysts forecast that SAP SE will post 4.64 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.