SAP SE $SAP Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in SAP SE (NYSE:SAP) by 66.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 166,169 shares of the software maker’s stock after selling 331,193 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in SAP were worth $50,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its position in shares of SAP by 3.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after buying an additional 34 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of SAP by 0.4% during the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock valued at $2,673,000 after acquiring an additional 35 shares during the period. Sage Rhino Capital LLC raised its holdings in SAP by 1.1% during the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after purchasing an additional 37 shares in the last quarter. State of Wyoming raised its holdings in SAP by 11.6% during the first quarter. State of Wyoming now owns 384 shares of the software maker’s stock worth $103,000 after purchasing an additional 40 shares in the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in SAP by 1.2% in the second quarter. Tritonpoint Wealth LLC now owns 3,728 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 45 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $245.60 on Friday. The company has a market capitalization of $301.72 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 3.61 and a beta of 1.19. SAP SE has a 1-year low of $233.51 and a 1-year high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $258.74 and its 200-day simple moving average is $277.65.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAP. Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Barclays raised their price objective on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $284.33.

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.