Fisher Asset Management LLC Sells 116,307 Shares of SAP SE (NYSE:SAP)

Fisher Asset Management LLC cut its stake in SAP SE (NYSE:SAP) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,714,182 shares of the software maker’s stock after selling 116,307 shares during the period. Fisher Asset Management LLC owned about 0.38% of SAP worth $1,080,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LRI Investments LLC acquired a new position in SAP during the first quarter worth $25,000. Godsey & Gibb Inc. acquired a new position in SAP in the third quarter valued at about $25,000. POM Investment Strategies LLC grew its stake in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in shares of SAP in the second quarter valued at approximately $40,000.

SAP Stock Up 0.1 %

Shares of NYSE SAP opened at $236.25 on Monday. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The firm’s 50-day moving average is $230.65 and its 200-day moving average is $212.39. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $290.23 billion, a PE ratio of 94.50, a price-to-earnings-growth ratio of 4.53 and a beta of 1.25.

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

Analysts Set New Price Targets

SAP has been the subject of a number of recent analyst reports. TD Cowen raised their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Company 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.