Fisher Asset Management LLC Has $1.08 Billion Stock Holdings in SAP SE (NYSE:SAP)

Fisher Asset Management LLC decreased its position in SAP SE (NYSE:SAP) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,714,182 shares of the software maker’s stock after selling 116,307 shares during the period. Fisher Asset Management LLC’s holdings in SAP were worth $1,080,019,000 at the end of the most recent quarter.

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

SAP Price Performance

NYSE:SAP opened at $236.25 on Monday. 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 SE has a 12-month low of $148.38 and a 12-month high of $243.01. The stock’s 50 day moving average price is $230.65 and its two-hundred day moving average price is $212.39. The firm has a market capitalization of $290.23 billion, a price-to-earnings ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SAP shares. TD Cowen lifted their price target 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. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities upped 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. Finally, Barclays increased their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus 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.