SAP SE (NYSE:SAP) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of SAP SE (NYSE:SAP - Free Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,228 shares of the software maker's stock after selling 2,476 shares during the period. PNC Financial Services Group Inc.'s holdings in SAP were worth $19,755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter worth $25,000. LRI Investments LLC acquired a new stake in SAP in the first quarter valued at approximately $25,000. POM Investment Strategies LLC raised its stake in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC lifted its position in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of SAP in the second quarter valued at $40,000.

SAP Stock Performance

SAP traded up $0.18 during trading on Friday, reaching $236.21. 750,700 shares of the company were exchanged, compared to its average volume of 801,956. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $290.18 billion, a P/E ratio of 94.48, a PEG ratio of 4.50 and a beta of 1.25. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01. The firm has a 50 day moving average of $230.65 and a 200 day moving average of $212.06.

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 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%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, sell-side analysts forecast that SAP SE will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.