Brandes Investment Partners LP Sells 24,509 Shares of SAP SE (NYSE:SAP)

Brandes Investment Partners LP lowered its holdings in SAP SE (NYSE:SAP) by 8.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 249,857 shares of the software maker’s stock after selling 24,509 shares during the quarter. Brandes Investment Partners LP’s holdings in SAP were worth $50,265,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors increased its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of SAP during the 1st quarter worth about $58,936,000. Principal Financial Group Inc. raised its position in shares of SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after buying an additional 108,729 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of SAP in the second quarter valued at about $21,479,000. Finally, Hantz Financial Services Inc. acquired a new stake in SAP during the second quarter worth about $20,532,000.

Analyst Ratings Changes

Several equities analysts have commented on the company. JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. TD Cowen upped their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their price target on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, SAP has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP Stock Down 0.0 %

Shares of SAP opened at $228.00 on Monday. The company has a market capitalization of $280.10 billion, a P/E ratio of 49.46, a PEG ratio of 4.44 and a beta of 1.25. SAP SE has a one year low of $126.75 and a one year high of $231.13. The business’s 50 day simple moving average is $215.51 and its 200-day simple moving average is $199.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that SAP SE will post 4.77 EPS for the current fiscal year.

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.