Dimensional Fund Advisors LP Sells 12,640 Shares of SAP SE $SAP

Key Points

• Dimensional Fund Advisors reduced its SAP position by 17.4% in the first quarter, selling 12,640 shares and retaining 60,052 shares valued at approximately $10.3 million.
• Analyst sentiment remains generally positive, with SAP holding a consensus “Moderate Buy” rating and an average price target of $264.83, despite some recent downgrades and target-price cuts.
• SAP shares opened at $206.13, with a market capitalization of approximately $253.2 billion and a 52-week trading range of $144.97 to $293.02.

Dimensional Fund Advisors LP cut its position in SAP SE (NYSE:SAP - Free Report) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,052 shares of the software maker's stock after selling 12,640 shares during the quarter. Dimensional Fund Advisors LP's holdings in SAP were worth $10,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Sound Income Strategies LLC raised its holdings in SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker's stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Bayban bought a new position in SAP in the fourth quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker's stock worth $35,000 after purchasing an additional 129 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker's stock valued at $45,000 after buying an additional 67 shares in the last quarter. Finally, MidFirst Bank acquired a new position in shares of SAP during the fourth quarter valued at about $46,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAP. Santander upgraded SAP from a "neutral" rating to an "outperform" rating in a research note on Friday, April 24th. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. Piper Sandler cut SAP from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 14th. Finally, Barclays cut their price objective on shares of SAP from $255.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $264.83.

SAP Price Performance

Shares of NYSE SAP opened at $206.13 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $168.02 and a two-hundred day simple moving average of $180.39. SAP SE has a 1-year low of $144.97 and a 1-year high of $293.02. The firm has a market cap of $253.23 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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