SAP SE $SAP Shares Sold by Warther Private Wealth LLC

Warther Private Wealth LLC decreased its holdings in SAP SE (NYSE:SAP) by 2.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,664 shares of the software maker’s stock after selling 47 shares during the quarter. Warther Private Wealth LLC’s holdings in SAP were worth $506,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc increased its holdings in SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after buying an additional 60,261 shares during the last quarter. Northern Trust Corp increased its holdings in SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock valued at $406,076,000 after buying an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares during the last quarter. WCM Investment Management LLC increased its holdings in SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock valued at $329,395,000 after buying an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after buying an additional 9,411 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating and set a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. JMP Securities upped their target price on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. BMO Capital Markets lowered their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $280.00.

SAP Stock Performance

Shares of SAP stock opened at $276.64 on Thursday. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The firm has a market capitalization of $339.85 billion, a price-to-earnings ratio of 45.80, a price-to-earnings-growth ratio of 4.16 and a beta of 1.28. The business has a 50 day simple moving average of $269.60 and a 200 day simple moving average of $282.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.