Private Trust Co. NA Has $355,000 Holdings in SAP SE (NYSE:SAP)

Private Trust Co. NA decreased its stake in shares of SAP SE (NYSE:SAP) by 7.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,549 shares of the software maker’s stock after selling 119 shares during the period. Private Trust Co. NA’s holdings in SAP were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. LRI Investments LLC bought a new position in shares of SAP in the first quarter valued at approximately $25,000. Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter worth $25,000. POM Investment Strategies LLC lifted its position in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its holdings in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the period. Finally, Atticus Wealth Management LLC acquired a new stake in shares of SAP in the second quarter valued at about $40,000.

SAP Trading Down 1.2 %

Shares of SAP stock opened at $232.20 on Thursday. The company has a market capitalization of $285.26 billion, a P/E ratio of 92.88, a P/E/G ratio of 4.49 and a beta of 1.25. SAP SE has a 12-month low of $148.38 and a 12-month high of $243.01. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $231.31 and a 200 day moving average price of $213.13.

SAP (NYSE:SAP) last posted its earnings results 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 firm 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%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Research analysts forecast that SAP SE will post 4.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.