SAP SE (NYSE:SAP) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its stake in shares of SAP SE (NYSE:SAP) by 39.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,956 shares of the software maker’s stock after selling 7,817 shares during the period. Calamos Wealth Management LLC’s holdings in SAP were worth $2,944,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Foster Group Inc. grew its position in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital lifted its position in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of SAP by 1.1% in the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after buying an additional 49 shares during the period. PDS Planning Inc grew its position in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after buying an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares during the last quarter.

SAP Stock Down 1.3 %

SAP opened at $272.39 on Tuesday. The business has a 50 day moving average of $253.80 and a 200-day moving average of $233.28. SAP SE has a 1-year low of $173.09 and a 1-year high of $280.53. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $334.63 billion, a price-to-earnings ratio of 94.91, a P/E/G ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts anticipate that SAP SE will post 6.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAP shares. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

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.