SAP SE (NYSE:SAP) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. trimmed its position in SAP SE (NYSE:SAP) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,470 shares of the software maker’s stock after selling 251 shares during the period. Wrapmanager Inc.’s holdings in SAP were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of SAP by 22.3% in the third 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 last quarter. WCM Investment Management LLC purchased a new position in SAP during the 4th quarter worth approximately $290,023,000. Principal Financial Group Inc. lifted its stake in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after purchasing an additional 23,352 shares during the last quarter.

SAP Price Performance

SAP stock opened at $284.39 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company’s fifty day moving average price is $266.51 and its 200 day moving average price is $242.28. The stock has a market capitalization of $349.37 billion, a P/E ratio of 99.09, a P/E/G ratio of 4.71 and a beta of 1.23. SAP SE has a 1 year low of $175.08 and a 1 year high of $293.70.

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 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 anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. 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. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays boosted 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. Finally, JMP Securities raised their price target 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. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price 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.