SAP SE $SAP Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in SAP SE (NYSE:SAP) by 23.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,950 shares of the software maker’s stock after selling 3,978 shares during the period. Cresset Asset Management LLC’s holdings in SAP were worth $3,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in SAP by 91.1% during the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after acquiring an additional 1,255 shares in the last quarter. Blair William & Co. IL purchased a new position in SAP in the 1st quarter worth approximately $1,029,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SAP by 16.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 88,854 shares of the software maker’s stock worth $23,852,000 after purchasing an additional 12,359 shares during the last quarter. Deutsche Bank AG grew its position in shares of SAP by 2,105.3% in the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after purchasing an additional 100,487 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SAP by 63.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,409 shares of the software maker’s stock valued at $915,000 after purchasing an additional 1,328 shares during the last quarter.

SAP Stock Up 0.7%

Shares of NYSE:SAP opened at $247.23 on Monday. The business has a 50-day moving average price of $258.40 and a 200 day moving average price of $276.98. 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 company has a market capitalization of $303.72 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 3.66 and a beta of 1.19. SAP SE has a 12-month low of $233.51 and a 12-month high of $313.28.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. SAP’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SAP. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and set a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. BMO Capital Markets lowered their price target on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. Finally, Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $284.33.

SAP Company 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.