SAP SE (NYSE:SAP) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in SAP SE (NYSE:SAP - Free Report) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,120 shares of the software maker's stock after selling 4,930 shares during the quarter. M&T Bank Corp's holdings in SAP were worth $6,213,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC lifted its holdings in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock valued at $28,000 after acquiring an additional 127 shares during the period. Brooklyn Investment Group purchased a new stake in shares of SAP during the 3rd quarter worth $42,000. Prospera Private Wealth LLC acquired a new position in shares of SAP during the 3rd quarter worth $47,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SAP in the 3rd quarter valued at about $59,000.

Wall Street Analyst Weigh In

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

SAP Price Performance

SAP stock traded up $0.96 on Monday, reaching $248.86. The company had a trading volume of 980,226 shares, compared to its average volume of 810,840. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company's fifty day moving average is $238.81 and its 200 day moving average is $220.21. The company has a market cap of $305.73 billion, a P/E ratio of 99.54, a PEG ratio of 4.94 and a beta of 1.23. SAP SE has a 1 year low of $148.38 and a 1 year high of $256.13.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data 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). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, research analysts forecast that SAP SE will post 4.8 earnings per share for the current 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.