SAP SE (NYSE:SAP) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in SAP SE (NYSE:SAP) by 17.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,487 shares of the software maker’s stock after selling 5,657 shares during the quarter. Captrust Financial Advisors’ holdings in SAP were worth $6,068,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAP. Skye Global Management LP raised its position in SAP by 197.1% during the third quarter. Skye Global Management LP now owns 46,800 shares of the software maker’s stock worth $10,722,000 after acquiring an additional 31,050 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of SAP by 17.7% during the third quarter. Rockefeller Capital Management L.P. now owns 20,520 shares of the software maker’s stock worth $4,690,000 after purchasing an additional 3,080 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of SAP by 30.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker’s stock worth $3,299,000 after purchasing an additional 3,400 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of SAP by 10.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 36,438 shares of the software maker’s stock worth $8,348,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in SAP by 17.6% in the 3rd quarter. Freedom Investment Management Inc. now owns 1,876 shares of the software maker’s stock valued at $430,000 after buying an additional 281 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAP shares. JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Up 1.7 %

Shares of NYSE:SAP opened at $241.62 on Tuesday. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01. The stock has a market cap of $296.83 billion, a P/E ratio of 96.64, a PEG ratio of 4.56 and a beta of 1.25. The business has a fifty day moving average of $231.55 and a two-hundred day moving average of $213.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts expect that SAP SE will post 4.89 earnings per share for the current year.

About SAP

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.