Pinnbrook Capital Management LP Lowers Position in SAP SE (NYSE:SAP)

Pinnbrook Capital Management LP lessened its holdings in SAP SE (NYSE:SAP - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,583 shares of the software maker's stock after selling 9,655 shares during the period. Pinnbrook Capital Management LP's holdings in SAP were worth $3,590,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Creative Planning boosted its holdings 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 period. Net Worth Advisory Group acquired a new stake in SAP in the 3rd quarter valued at about $360,000. Veracity Capital LLC purchased a new position in shares of SAP in the 3rd quarter valued at about $247,000. Allspring Global Investments Holdings LLC grew its position in shares of SAP by 376.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker's stock worth $5,451,000 after buying an additional 18,799 shares in the last quarter. Finally, Godsey & Gibb Inc. purchased a new stake in shares of SAP during the third quarter worth approximately $25,000.

SAP Stock Performance

SAP stock traded down $5.06 on Friday, hitting $282.87. The company's stock had a trading volume of 1,105,122 shares, compared to its average volume of 1,028,502. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a price-to-earnings-growth ratio of 4.72 and a beta of 1.23. The firm has a 50 day moving average of $265.88 and a two-hundred day moving average of $241.18.

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

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and a consensus 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.