SAP SE $SAP Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of SAP SE (NYSE:SAP) by 38.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,207 shares of the software maker’s stock after selling 34,498 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SAP were worth $9,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Dara Capital US Inc. purchased a new position in SAP in the 4th quarter valued at about $3,342,000. Dash Acquisitions Inc. increased its position in shares of SAP by 8.7% during the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock worth $19,161,000 after acquiring an additional 6,315 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of SAP by 59.7% during the first quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock worth $3,097,000 after acquiring an additional 6,763 shares during the last quarter. Rock Point Advisors LLC lifted its stake in shares of SAP by 66.5% in the fourth quarter. Rock Point Advisors LLC now owns 33,569 shares of the software maker’s stock worth $8,154,000 after acquiring an additional 13,413 shares in the last quarter. Finally, Sterling Investment Management LLC acquired a new position in shares of SAP in the fourth quarter worth about $1,512,000.

SAP Trading Down 3.7%

Shares of NYSE SAP opened at $148.66 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $166.14 and its two-hundred day moving average price is $185.25. SAP SE has a 52-week low of $147.45 and a 52-week high of $299.48. The stock has a market capitalization of $182.63 billion, a P/E ratio of 20.09, a PEG ratio of 1.77 and a beta of 1.14.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. On average, analysts anticipate that SAP SE will post 8.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SAP shares. Weiss Ratings lowered SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. BMO Capital Markets decreased their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price target on shares of SAP in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.83.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.