William Blair Investment Management LLC Sells 3,109 Shares of SAP SE (NYSE:SAP)

William Blair Investment Management LLC lowered its stake in SAP SE (NYSE:SAP - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,286 shares of the software maker's stock after selling 3,109 shares during the quarter. William Blair Investment Management LLC's holdings in SAP were worth $4,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SAP. Oppenheimer & Co. Inc. purchased a new position in shares of SAP during the 3rd quarter valued at $210,000. Thrivent Financial for Lutherans raised its holdings in SAP by 79.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock valued at $852,000 after acquiring an additional 1,642 shares during the period. Caprock Group LLC lifted its position in shares of SAP by 5.7% in the third quarter. Caprock Group LLC now owns 15,323 shares of the software maker's stock valued at $3,511,000 after acquiring an additional 830 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of SAP in the third quarter worth about $47,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP traded up $3.08 during mid-day trading on Monday, hitting $275.61. 779,480 shares of the company's stock traded hands, compared to its average volume of 904,678. The company's 50-day moving average is $275.63 and its two-hundred day moving average is $249.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market capitalization of $338.59 billion, a P/E ratio of 96.03, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SAP shares. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average 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.