SAP SE (NYSE:SAP) Holdings Decreased by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,548 shares of the software maker's stock after selling 5,971 shares during the period. Franklin Resources Inc.'s holdings in SAP were worth $10,094,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC grew its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock valued at $140,111,000 after acquiring an additional 4,775 shares during the period. Stifel Financial Corp raised its holdings in shares of SAP by 12.5% in the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock valued at $48,295,000 after buying an additional 23,352 shares during the last quarter. NewEdge Advisors LLC raised its stake in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker's stock valued at $39,934,000 after acquiring an additional 15,604 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of SAP during the third quarter worth approximately $40,573,000.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, JMP Securities upped 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.33.

SAP Trading Up 0.9 %

Shares of NYSE SAP traded up $2.21 during midday trading on Friday, hitting $247.90. The stock had a trading volume of 1,647,331 shares, compared to its average volume of 810,151. The company has a fifty day moving average price of $238.81 and a 200 day moving average price of $219.99. SAP SE has a 1-year low of $148.38 and a 1-year high of $256.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $304.55 billion, a price-to-earnings ratio of 99.16, a PEG ratio of 4.94 and a beta of 1.23.

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 the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. On average, analysts predict that SAP SE will post 4.8 earnings per share for the current year.

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.