Dorsey Wright & Associates Trims Stock Position in SAP SE $SAP

Dorsey Wright & Associates trimmed its holdings in SAP SE (NYSE:SAP) by 38.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,400 shares of the software maker’s stock after selling 4,676 shares during the quarter. Dorsey Wright & Associates’ holdings in SAP were worth $2,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAP. Twin Tree Management LP boosted its stake in shares of SAP by 122.5% in the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after buying an additional 280,896 shares during the last quarter. Trivest Advisors Ltd purchased a new stake in SAP in the 2nd quarter worth approximately $52,305,000. Jennison Associates LLC grew its stake in shares of SAP by 195.0% during the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after purchasing an additional 146,325 shares during the period. Deutsche Bank AG increased its holdings in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after purchasing an additional 100,487 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after purchasing an additional 80,164 shares during the period.

SAP Trading Down 0.3%

SAP stock opened at $238.20 on Wednesday. SAP SE has a 12-month low of $229.72 and a 12-month high of $313.28. The business’s 50-day moving average is $263.97 and its 200 day moving average is $282.03. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market cap of $292.63 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last released its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAP. BMO Capital Markets dropped their price target on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, October 31st. Barclays raised their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $284.33.

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.