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

Captrust Financial Advisors trimmed its holdings in shares of SAP SE (NYSE:SAP) by 17.6% in the third quarter, Holdings Channel reports. The firm owned 26,487 shares of the software maker’s stock after selling 5,657 shares during the period. Captrust Financial Advisors’ holdings in SAP were worth $6,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAP. Skye Global Management LP boosted its stake 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 buying an additional 31,050 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of SAP by 17.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 20,520 shares of the software maker’s stock worth $4,690,000 after acquiring an additional 3,080 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 period. Glenmede Trust Co. NA increased its holdings in SAP by 10.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 36,438 shares of the software maker’s stock valued at $8,348,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Freedom Investment Management Inc. increased its holdings 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 purchasing an additional 281 shares during the last quarter.

SAP Price Performance

SAP stock opened at $241.62 on Tuesday. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The firm has a market capitalization of $296.83 billion, a P/E ratio of 96.64, a P/E/G ratio of 4.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business’s 50-day moving average is $231.55 and its two-hundred day moving average is $213.91.

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

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their price target 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP 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.