SAP SE (NYSE:SAP) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc reduced its stake in shares of SAP SE (NYSE:SAP) by 7.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,610 shares of the software maker’s stock after selling 1,811 shares during the quarter. SAP comprises approximately 0.8% of Capital Investment Counsel Inc’s holdings, making the stock its 22nd biggest position. Capital Investment Counsel Inc’s holdings in SAP were worth $5,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dash Acquisitions Inc. grew its position in SAP by 0.5% during the 4th quarter. Dash Acquisitions Inc. now owns 80,537 shares of the software maker’s stock worth $19,829,000 after purchasing an additional 437 shares during the period. Concurrent Investment Advisors LLC grew its position in SAP by 26.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,442 shares of the software maker’s stock worth $355,000 after purchasing an additional 302 shares during the period. Sunpointe LLC grew its position in SAP by 8.2% during the 4th quarter. Sunpointe LLC now owns 2,383 shares of the software maker’s stock worth $587,000 after purchasing an additional 181 shares during the period. Ieq Capital LLC grew its position in SAP by 6.6% during the 4th quarter. Ieq Capital LLC now owns 10,203 shares of the software maker’s stock worth $2,512,000 after purchasing an additional 632 shares during the period. Finally, Private Advisor Group LLC grew its position in SAP by 11.5% during the 4th quarter. Private Advisor Group LLC now owns 4,805 shares of the software maker’s stock worth $1,183,000 after purchasing an additional 495 shares during the period.

Analysts Set New Price Targets

SAP has been the topic of several recent analyst reports. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Trading Down 0.1 %

Shares of SAP stock opened at $288.08 on Friday. The firm has a market capitalization of $353.90 billion, a PE ratio of 100.38, a P/E/G ratio of 4.72 and a beta of 1.23. SAP SE has a twelve month low of $174.88 and a twelve month high of $293.70. The firm’s 50-day moving average price is $265.30 and its 200 day moving average price is $240.60. 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 issued its quarterly 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%. On average, sell-side analysts predict that SAP SE will post 6.55 EPS 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.