Boston Common Asset Management LLC Has $15.30 Million Holdings in SAP SE $SAP

Key Points

• Boston Common Asset Management LLC reduced its holdings in SAP SE by 6.7%, now owning 50,300 shares worth approximately $15.3 million.
• Several institutional investors increased their positions in SAP, with Bartlett & CO. Wealth Management boosting its stake by 585.7% in the first quarter.
• Wall Street analysts maintain a positive outlook on SAP, with an average price target of $281.67 and numerous "buy" ratings following the company's strong quarterly earnings report.

Boston Common Asset Management LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,300 shares of the software maker's stock after selling 3,634 shares during the quarter. Boston Common Asset Management LLC's holdings in SAP were worth $15,296,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC boosted its position in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares during the period. Creative Financial Designs Inc. ADV boosted its position in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in SAP during the 2nd quarter worth about $31,000. Highline Wealth Partners LLC boosted its position in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the period. Finally, Dagco Inc. acquired a new stake in SAP during the 1st quarter worth about $45,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SAP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of SAP in a report on Saturday, September 27th. Barclays reiterated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Tuesday, September 16th. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Finally, Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $281.67.

SAP Stock Down 0.5%

Shares of SAP stock opened at $270.48 on Friday. SAP SE has a 12 month low of $217.51 and a 12 month high of $313.28. The firm has a market cap of $332.29 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 3.89 and a beta of 1.28. The stock has a 50 day moving average of $272.89 and a 200-day moving average of $282.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that SAP SE will post 6.55 EPS for the current year.

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.

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