Dorsey & Whitney Trust CO LLC Sells 759 Shares of SAP SE (NYSE:SAP)

Dorsey & Whitney Trust CO LLC cut its holdings in SAP SE (NYSE:SAP) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,992 shares of the software maker’s stock after selling 759 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in SAP were worth $2,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the period. CWA Asset Management Group LLC acquired a new stake in SAP in the third quarter worth $356,000. Mesirow Financial Investment Management Inc. raised its holdings in SAP by 10.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 1,326 shares of the software maker’s stock worth $304,000 after purchasing an additional 129 shares during the period. Crossmark Global Holdings Inc. raised its holdings in SAP by 47.4% in the third quarter. Crossmark Global Holdings Inc. now owns 91,375 shares of the software maker’s stock worth $20,934,000 after purchasing an additional 29,364 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in SAP in the third quarter worth $206,000.

Analyst Ratings Changes

SAP has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Down 1.0 %

SAP stock opened at $276.43 on Friday. The company has a market cap of $339.60 billion, a P/E ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The company has a fifty day simple moving average of $272.04 and a 200 day simple moving average of $246.32. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

About SAP

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.