SAP SE $SAP Stake Reduced by Natural Investments LLC

Natural Investments LLC trimmed its holdings in SAP SE (NYSE:SAP) by 77.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,436 shares of the software maker’s stock after selling 4,861 shares during the quarter. Natural Investments LLC’s holdings in SAP were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Dash Acquisitions Inc. lifted its holdings in shares of SAP by 8.7% during the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after purchasing an additional 6,315 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in SAP by 59.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock worth $3,097,000 after buying an additional 6,763 shares in the last quarter. Rock Point Advisors LLC boosted its position in SAP by 66.5% during the fourth quarter. Rock Point Advisors LLC now owns 33,569 shares of the software maker’s stock valued at $8,154,000 after purchasing an additional 13,413 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of SAP during the 1st quarter valued at about $2,306,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its position in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after acquiring an additional 703,982 shares in the last quarter.

SAP Stock Performance

SAP opened at $209.66 on Thursday. SAP SE has a 12-month low of $144.97 and a 12-month high of $281.36. The firm has a market capitalization of $257.56 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The stock’s 50 day moving average price is $183.73 and its two-hundred day moving average price is $180.30. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.30 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that SAP SE will post 8.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research note on Friday, July 24th. BMO Capital Markets boosted their target price on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of SAP in a research report on Thursday, August 27th. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.83.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.