Checchi Capital Advisers LLC Sells 902 Shares of SAP SE (SAP)

Checchi Capital Advisers LLC reduced its position in SAP SE (NYSE:SAP) by 11.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,964 shares of the software maker’s stock after selling 902 shares during the quarter. Checchi Capital Advisers LLC’s holdings in SAP were worth $857,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of SAP by 3.1% during the 3rd quarter. Fisher Asset Management LLC now owns 6,755,713 shares of the software maker’s stock worth $830,953,000 after purchasing an additional 200,698 shares during the period. FMR LLC grew its stake in shares of SAP by 17.4% during the 2nd quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock worth $281,582,000 after purchasing an additional 360,669 shares during the period. Northern Trust Corp grew its stake in shares of SAP by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,625,101 shares of the software maker’s stock worth $187,959,000 after purchasing an additional 60,584 shares during the period. Cambiar Investors LLC grew its stake in shares of SAP by 0.5% during the 2nd quarter. Cambiar Investors LLC now owns 1,431,160 shares of the software maker’s stock worth $165,528,000 after purchasing an additional 7,503 shares during the period. Finally, Morgan Stanley grew its stake in shares of SAP by 34.2% during the 2nd quarter. Morgan Stanley now owns 1,318,602 shares of the software maker’s stock worth $152,509,000 after purchasing an additional 335,687 shares during the period. 4.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAP stock traded down $1.13 on Monday, hitting $104.28. The company’s stock had a trading volume of 787,987 shares, compared to its average volume of 981,075. SAP SE has a 52-week low of $99.20 and a 52-week high of $127.16. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $129.50 billion, a PE ratio of 24.31, a P/E/G ratio of 3.35 and a beta of 1.23.



SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, October 18th. The software maker reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.64%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts expect that SAP SE will post 4.29 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on SAP shares. ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Barclays lowered their price target on shares of SAP from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Friday, October 19th. Zacks Investment Research raised shares of SAP from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. UBS Group raised shares of SAP from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Finally, Royal Bank of Canada reaffirmed a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. SAP currently has a consensus rating of “Buy” and an average target price of $112.89.

SAP Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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