SAP SE (NYSE:SAP) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of SAP SE (NYSE:SAP - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,517 shares of the software maker's stock after selling 5,853 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in SAP were worth $15,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after buying an additional 71 shares during the period. Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter worth about $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP in the 3rd quarter worth approximately $47,000.

SAP Stock Up 2.1 %

SAP stock traded up $5.81 during midday trading on Monday, hitting $280.81. 1,914,098 shares of the company's stock were exchanged, compared to its average volume of 1,092,745. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $344.98 billion, a PE ratio of 97.84, a P/E/G ratio of 4.71 and a beta of 1.23. The firm has a 50-day moving average of $269.19 and a two-hundred day moving average of $244.29.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. TD Cowen raised SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays lifted their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP has an average rating of "Buy" and an average price target of $248.83.

SAP Company 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.