SAP SE (NYSE:SAP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,804 shares of the software maker's stock after selling 7,864 shares during the quarter. Sanctuary Advisors LLC's holdings in SAP were worth $13,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. grew its position in SAP by 39.6% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,773 shares of the software maker's stock worth $437,000 after purchasing an additional 503 shares during the last quarter. Americana Partners LLC lifted its stake in shares of SAP by 205.0% during the fourth quarter. Americana Partners LLC now owns 15,177 shares of the software maker's stock worth $3,737,000 after buying an additional 10,201 shares during the period. Sierra Ocean LLC purchased a new stake in shares of SAP during the fourth quarter valued at $115,000. Allworth Financial LP increased its position in shares of SAP by 33.4% in the 4th quarter. Allworth Financial LP now owns 2,713 shares of the software maker's stock valued at $741,000 after acquiring an additional 680 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in SAP in the 4th quarter worth $4,850,000.

SAP Stock Performance

SAP stock traded down $0.39 during mid-day trading on Thursday, hitting $288.08. The company had a trading volume of 679,233 shares, compared to its average volume of 1,026,183. The company has a market capitalization of $353.90 billion, a price-to-earnings ratio of 100.38, a P/E/G ratio of 4.79 and a beta of 1.23. SAP SE has a 12-month low of $174.88 and a 12-month high of $293.70. The company's fifty day moving average is $265.30 and its 200-day moving average is $240.60. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results 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%. Equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

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