SAP SE (NYSE:SAP) Stake Cut by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,157 shares of the software maker's stock after selling 12,250 shares during the quarter. Sustainable Growth Advisers LP's holdings in SAP were worth $17,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. Centricity Wealth Management LLC purchased a new position in SAP during the fourth quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP during the fourth quarter valued at about $27,000. Rakuten Securities Inc. raised its holdings in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT lifted its stake in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in SAP during the 3rd quarter worth approximately $42,000.

SAP Stock Up 0.4 %

Shares of NYSE:SAP traded up $1.20 during trading on Tuesday, hitting $270.75. The company's stock had a trading volume of 2,154,768 shares, compared to its average volume of 890,041. The stock's 50-day moving average price is $274.09 and its two-hundred day moving average price is $248.41. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a market capitalization of $332.62 billion, a PE ratio of 94.34, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SAP shares. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company 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 research report on Wednesday, January 15th. BMO Capital Markets upped their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $248.83.

SAP 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.