Toroso Investments LLC Decreases Position in SAP SE (NYSE:SAP)

Toroso Investments LLC lowered its holdings in SAP SE (NYSE:SAP) by 42.9% in the second quarter, HoldingsChannel reports. The firm owned 14,913 shares of the software maker’s stock after selling 11,205 shares during the period. Toroso Investments LLC’s holdings in SAP were worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SAP. Jennison Associates LLC boosted its holdings in SAP by 524.2% in the second quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock valued at $416,083,000 after purchasing an additional 2,554,263 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in SAP by 326.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock worth $203,849,000 after buying an additional 1,351,984 shares during the last quarter. Holocene Advisors LP bought a new position in SAP during the 2nd quarter worth approximately $76,517,000. GQG Partners LLC lifted its holdings in SAP by 12.2% during the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock worth $287,266,000 after buying an additional 270,941 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in SAP by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after buying an additional 256,923 shares during the last quarter. 4.89% of the stock is owned by hedge funds and other institutional investors.

SAP has been the topic of several analyst reports. Deutsche Bank cut SAP from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Barclays lowered their target price on SAP from $143.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. DZ Bank restated a “buy” rating on shares of SAP in a research report on Thursday, September 12th. BMO Capital Markets set a $140.00 target price on SAP and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research cut SAP from a “hold” rating to a “sell” rating and set a $134.00 target price on the stock. in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $125.63.



NYSE SAP traded down $0.22 on Tuesday, reaching $118.68. 997,719 shares of the stock traded hands, compared to its average volume of 774,567. The firm’s fifty day simple moving average is $119.54 and its 200 day simple moving average is $122.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $142.52 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 2.65 and a beta of 1.10. SAP SE has a 12 month low of $94.81 and a 12 month high of $140.62.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.71 billion. SAP had a return on equity of 15.39% and a net margin of 11.95%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, equities research analysts forecast that SAP SE will post 4.28 EPS for the current fiscal year.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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