SAP SE (NYSE:SAP) Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lessened its position in SAP SE (NYSE:SAP) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,157 shares of the software maker’s stock after selling 12,250 shares during the period. Sustainable Growth Advisers LP’s holdings in SAP were worth $17,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Holocene Advisors LP acquired a new stake in shares of SAP in the 3rd quarter worth about $10,869,000. Atomi Financial Group Inc. increased its holdings in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after acquiring an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in shares of SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after acquiring an additional 11,057 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock worth $101,969,000 after acquiring an additional 249,824 shares during the period.

Analysts Set New Price Targets

A number of research firms recently weighed in on SAP. Barclays increased their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

NYSE:SAP opened at $254.84 on Friday. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $273.17 and a 200-day moving average of $247.29. The firm has a market cap of $313.08 billion, a price-to-earnings ratio of 88.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.