SAP SE (NYSE:SAP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of SAP SE (NYSE:SAP - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,429 shares of the software maker's stock after selling 16,996 shares during the quarter. SG Americas Securities LLC's holdings in SAP were worth $352,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SAP. Wedmont Private Capital lifted its position in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after purchasing an additional 46 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker's stock valued at $1,065,000 after acquiring an additional 49 shares during the last quarter. PDS Planning Inc raised its position 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 in the last quarter. Rosenberg Matthew Hamilton lifted its stake in SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker's stock worth $252,000 after purchasing an additional 52 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in SAP by 2.9% in the third quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker's stock valued at $498,000 after purchasing an additional 61 shares in the last quarter.

SAP Stock Performance

NYSE SAP traded up $0.01 during trading hours on Thursday, hitting $283.20. 671,600 shares of the stock were exchanged, compared to its average volume of 1,100,933. SAP SE has a 12-month low of $173.09 and a 12-month high of $283.86. The stock has a 50-day moving average of $256.46 and a 200 day moving average of $234.72. The company has a market cap of $347.91 billion, a price-to-earnings ratio of 98.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 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, equities research analysts forecast that SAP SE will post 6.53 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SAP shares. BMO Capital Markets boosted their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $248.83.

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.