Malaga Cove Capital LLC Sells 3,345 Shares of SAP SE (NYSE:SAP)

Malaga Cove Capital LLC trimmed its holdings in SAP SE (NYSE:SAP - Free Report) by 33.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,791 shares of the software maker's stock after selling 3,345 shares during the quarter. Malaga Cove Capital LLC's holdings in SAP were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SAP. Westfield Capital Management Co. LP acquired a new position in shares of SAP in the first quarter valued at $58,936,000. International Assets Investment Management LLC bought a new position in shares of SAP during the 3rd quarter worth about $40,573,000. Marshall Wace LLP acquired a new stake in shares of SAP during the 2nd quarter valued at about $21,479,000. Hantz Financial Services Inc. bought a new stake in SAP in the second quarter valued at about $20,532,000. Finally, GQG Partners LLC bought a new position in SAP during the first quarter worth about $14,940,000.

Analyst Upgrades and Downgrades

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

SAP Trading Up 3.8 %

NYSE:SAP traded up $8.89 during trading hours on Thursday, hitting $240.19. 837,203 shares of the stock were exchanged, compared to its average volume of 800,565. The company's 50 day moving average is $226.49 and its two-hundred day moving average is $208.02. The company has a market capitalization of $295.07 billion, a P/E ratio of 95.92, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25. SAP SE has a twelve month low of $141.71 and a twelve month high of $243.01. 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 posted its quarterly 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 firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS. On average, sell-side analysts anticipate that SAP SE will post 4.9 earnings per share for the current fiscal year.

SAP 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.