SAP SE (SAP) Position Trimmed by Brinker Capital Inc.

Brinker Capital Inc. reduced its stake in SAP SE (NYSE:SAP) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,193 shares of the software maker’s stock after selling 4,619 shares during the quarter. Brinker Capital Inc.’s holdings in SAP were worth $5,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in SAP by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,798 shares of the software maker’s stock worth $3,296,000 after buying an additional 536 shares during the last quarter. JPMorgan Chase & Co. raised its position in SAP by 12.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after buying an additional 40,007 shares during the last quarter. Toronto Dominion Bank raised its position in SAP by 190.8% in the 3rd quarter. Toronto Dominion Bank now owns 4,886 shares of the software maker’s stock worth $601,000 after buying an additional 3,206 shares during the last quarter. Rhumbline Advisers purchased a new position in SAP in the 3rd quarter worth about $353,000. Finally, MML Investors Services LLC raised its position in SAP by 61.8% in the 3rd quarter. MML Investors Services LLC now owns 10,740 shares of the software maker’s stock worth $1,321,000 after buying an additional 4,104 shares during the last quarter. 4.57% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on SAP. JMP Securities reissued a “buy” rating and issued a $131.00 target price on shares of SAP in a research report on Wednesday. CIBC restated a “hold” rating and set a $44.00 price target on shares of SAP in a research note on Friday, February 8th. Royal Bank of Canada restated a “neutral” rating on shares of SAP in a research note on Friday, February 8th. Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Monday, February 4th. Finally, Bank of America downgraded SAP from a “buy” rating to a “neutral” rating in a research note on Monday, February 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.14.

SAP stock opened at $112.49 on Friday. The stock has a market cap of $138.19 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.29 and a beta of 1.01. SAP SE has a 52-week low of $94.81 and a 52-week high of $127.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.37.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). The firm had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.22 billion. SAP had a net margin of 16.44% and a return on equity of 16.47%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share. On average, sell-side analysts expect that SAP SE will post 5.02 earnings per share for the current fiscal year.

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SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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