SAP SE (NYSE:SAP) is Lenox Wealth Management Inc.’s 8th Largest Position

Lenox Wealth Management Inc. cut its holdings in shares of SAP SE (NYSE:SAP) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,144 shares of the software maker’s stock after selling 1,439 shares during the quarter. SAP accounts for about 1.7% of Lenox Wealth Management Inc.’s portfolio, making the stock its 8th largest holding. Lenox Wealth Management Inc.’s holdings in SAP were worth $5,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SAP. Fisher Asset Management LLC increased its holdings in shares of SAP by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 7,585,866 shares of the software maker’s stock valued at $894,146,000 after purchasing an additional 173,795 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of SAP by 524.2% during the 2nd quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock valued at $416,083,000 after purchasing an additional 2,554,263 shares in the last quarter. Northern Trust Corp increased its holdings in shares of SAP by 2.3% during the 2nd quarter. Northern Trust Corp now owns 1,707,920 shares of the software maker’s stock valued at $233,644,000 after purchasing an additional 37,950 shares in the last quarter. UBS Group AG increased its holdings in shares of SAP by 181.8% during the 2nd quarter. UBS Group AG now owns 1,653,111 shares of the software maker’s stock valued at $226,146,000 after purchasing an additional 1,066,406 shares in the last quarter. Finally, Sustainable Growth Advisers LP increased its holdings in shares of SAP by 5.3% during the 2nd quarter. Sustainable Growth Advisers LP now owns 1,427,938 shares of the software maker’s stock valued at $195,342,000 after purchasing an additional 71,681 shares in the last quarter. 5.02% of the stock is owned by institutional investors.

SAP traded up $1.36 on Friday, hitting $136.44. 325,120 shares of the company’s stock were exchanged, compared to its average volume of 792,278. SAP SE has a fifty-two week low of $94.81 and a fifty-two week high of $140.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $125.15 and a 200-day moving average price of $125.81. The stock has a market cap of $159.42 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.81 and a beta of 1.12.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.19. SAP had a net margin of 12.62% and a return on equity of 16.12%. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts predict that SAP SE will post 4.46 EPS for the current year.

Several equities research analysts recently commented on SAP shares. Independent Research reissued a “neutral” rating and issued a $123.00 price target on shares of SAP in a report on Friday. Credit Suisse Group reissued a “buy” rating and issued a $132.00 price target on shares of SAP in a report on Monday, October 21st. UBS Group reissued a “neutral” rating and issued a $125.00 price target on shares of SAP in a report on Tuesday, November 5th. Zacks Investment Research lowered shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 price target for the company. in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their price target on shares of SAP from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. SAP currently has a consensus rating of “Hold” and an average target price of $116.00.

SAP 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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