Cresset Asset Management LLC Sells 100,659 Shares of SAP SE (NYSE:SAP)

Cresset Asset Management LLC decreased its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,419 shares of the software maker's stock after selling 100,659 shares during the period. Cresset Asset Management LLC's holdings in SAP were worth $5,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of SAP by 16.8% in the fourth quarter. Cetera Investment Advisers now owns 37,498 shares of the software maker's stock valued at $9,232,000 after buying an additional 5,399 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of SAP in the 4th quarter worth $820,000. Captrust Financial Advisors grew its holdings in shares of SAP by 18.9% in the 4th quarter. Captrust Financial Advisors now owns 31,493 shares of the software maker's stock worth $7,754,000 after acquiring an additional 5,006 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of SAP in the 4th quarter worth $276,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of SAP by 71.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,198 shares of the software maker's stock worth $787,000 after acquiring an additional 1,332 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Argus reiterated a "buy" rating and issued a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. BMO Capital Markets upped their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $264.00.

SAP Stock Down 0.1%

SAP traded down $0.33 on Friday, reaching $294.00. 705,567 shares of the company traded hands, compared to its average volume of 1,032,520. The stock's 50 day moving average price is $270.23 and its 200-day moving average price is $261.44. SAP SE has a 52-week low of $179.43 and a 52-week high of $303.40. The company has a market cap of $361.18 billion, a price-to-earnings ratio of 102.44, a PEG ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $2.5423 dividend. This is a positive change from SAP's previous annual dividend of $2.39. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio is presently 35.25%.

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.