Natixis Advisors LLC Sells 2,470 Shares of SAP SE (NYSE:SAP)

Natixis Advisors LLC cut its holdings in SAP SE (NYSE:SAP - Free Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291,855 shares of the software maker's stock after selling 2,470 shares during the period. Natixis Advisors LLC's holdings in SAP were worth $66,864,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cetera Advisors LLC lifted its stake in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker's stock valued at $2,939,000 after acquiring an additional 8,003 shares during the last quarter. Creative Planning lifted its position in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker's stock valued at $21,864,000 after purchasing an additional 14,546 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of SAP during the third quarter valued at approximately $3,780,000. Dash Acquisitions Inc. grew its holdings in shares of SAP by 2.8% in the third quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker's stock worth $19,039,000 after purchasing an additional 2,175 shares during the last quarter. Finally, CWM LLC increased its stake in shares of SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker's stock worth $578,000 after buying an additional 240 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAP. TD Cowen increased their price target on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. 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. Argus raised SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. Barclays upped their price target on SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $252.33.

SAP Stock Performance

Shares of SAP opened at $228.31 on Friday. SAP SE has a one year low of $148.10 and a one year high of $243.01. The company has a 50-day simple moving average of $228.97 and a two-hundred day simple moving average of $210.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $280.48 billion, a PE ratio of 91.32, a price-to-earnings-growth ratio of 4.41 and a beta of 1.25.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. On average, analysts anticipate that SAP SE will post 4.85 EPS 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.