Atria Investments Inc Reduces Stake in SAP SE (NYSE:SAP)

Atria Investments Inc trimmed its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,407 shares of the software maker's stock after selling 8,535 shares during the quarter. Atria Investments Inc's holdings in SAP were worth $7,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Modera Wealth Management LLC lifted its stake in shares of SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker's stock valued at $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker's stock valued at $300,000 after purchasing an additional 51 shares during the last quarter. PDS Planning Inc grew its holdings in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker's stock worth $915,000 after acquiring an additional 51 shares during the period. RFP Financial Group LLC grew its holdings in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker's stock worth $70,000 after acquiring an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after acquiring an additional 52 shares during the period.

Analysts Set New Price Targets

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

SAP Stock Performance

Shares of NYSE SAP traded down $1.39 during midday trading on Tuesday, hitting $234.47. 888,068 shares of the stock traded hands, compared to its average volume of 800,789. The firm has a 50-day moving average of $227.60 and a two-hundred day moving average of $209.31. The firm has a market capitalization of $288.05 billion, a P/E ratio of 94.34, a PEG ratio of 4.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $143.71 and a one year high of $243.01.

SAP (NYSE:SAP - Get Free Report) last announced 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the business posted $1.20 earnings per share. SAP's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that SAP SE will post 4.9 EPS for the current fiscal year.

About SAP

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.