SAP SE (NYSE:SAP) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its stake in shares of SAP SE (NYSE:SAP) by 45.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,470 shares of the software maker’s stock after selling 108,377 shares during the quarter. Brandes Investment Partners LP’s holdings in SAP were worth $31,631,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SAP. FMR LLC increased its holdings 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 during the period. WCM Investment Management LLC purchased a new stake in SAP during the 4th quarter worth about $290,023,000. Raymond James Financial Inc. purchased a new stake in SAP during the 4th quarter worth about $150,668,000. Fisher Asset Management LLC increased its holdings in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in SAP by 152.0% during 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 purchasing an additional 249,824 shares during the period.

SAP Stock Up 3.5 %

Shares of NYSE SAP opened at $264.05 on Friday. The stock has a market cap of $324.38 billion, a PE ratio of 92.00, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. 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 SE has a 52-week low of $175.08 and a 52-week high of $293.70. The business has a 50-day moving average price of $273.62 and a 200 day moving average price of $247.62.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

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

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.