Sentinel Trust Co. LBA Acquires New Holdings in SAP SE $SAP

Sentinel Trust Co. LBA bought a new position in SAP SE (NYSE:SAP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,510 shares of the software maker’s stock, valued at approximately $601,000.

A number of other hedge funds have also added to or reduced their stakes in SAP. Windacre Partnership LLC grew its holdings in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares during the period. Bank of America Corp DE increased its position in shares of SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Sustainable Growth Advisers LP increased its position in shares of SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after purchasing an additional 773,720 shares during the last quarter. M&T Bank Corp lifted its stake in shares of SAP by 1,582.7% in the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after purchasing an additional 768,725 shares during the period. Finally, Norges Bank bought a new position in shares of SAP in the 4th quarter worth approximately $81,784,000.

SAP Price Performance

Shares of NYSE:SAP opened at $159.09 on Monday. The company has a market capitalization of $195.44 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.82 and a beta of 1.14. SAP SE has a 1-year low of $148.06 and a 1-year high of $309.73. The firm’s 50 day simple moving average is $166.86 and its two-hundred day simple moving average is $187.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last announced its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. Research analysts expect that SAP SE will post 8.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 14th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, TD Cowen decreased their target price on SAP from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $271.17.

About SAP

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.