Cox Capital Mgt LLC Sells 5,148 Shares of SAP SE $SAP

Cox Capital Mgt LLC trimmed its stake in SAP SE (NYSE:SAP) by 19.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,803 shares of the software maker’s stock after selling 5,148 shares during the period. SAP accounts for about 3.8% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 5th largest position. Cox Capital Mgt LLC’s holdings in SAP were worth $5,826,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC raised its position in shares of SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Vermillion Wealth Management Inc. acquired a new position in SAP in the 2nd quarter valued at $31,000. Motco raised its holdings in SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares during the period. Princeton Global Asset Management LLC acquired a new position in SAP during the 2nd quarter worth $38,000. Finally, Solstein Capital LLC bought a new stake in SAP during the second quarter valued at about $40,000.

SAP Price Performance

Shares of SAP stock opened at $241.19 on Thursday. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The company has a market capitalization of $296.31 billion, a P/E ratio of 36.11, a P/E/G ratio of 3.50 and a beta of 1.19. The stock has a 50 day moving average of $254.09 and a two-hundred day moving average of $274.10. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last issued 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 return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the company posted $1.23 earnings per share. SAP’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SAP shares. Cowen reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. BMO Capital Markets lowered their target price on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Monday, October 27th. JMP Securities reissued a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. Finally, Arete Research raised shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.