SAP SE (NYSE:SAP) Shares Sold by Harbour Investment Management LLC

Harbour Investment Management LLC trimmed its holdings in SAP SE (NYSE:SAP - Free Report) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,099 shares of the software maker's stock after selling 1,060 shares during the quarter. Harbour Investment Management LLC's holdings in SAP were worth $1,906,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SAP. TD Asset Management Inc. lifted its position in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the last quarter. Northern Trust Corp increased its stake in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after acquiring an additional 701,880 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Bank of America Corp DE lifted its stake in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after buying an additional 70,613 shares during the period. Finally, GAMMA Investing LLC raised its stake in SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Barclays restated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a report on Thursday, April 24th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, UBS Group raised shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Performance

Shares of NYSE SAP traded up $2.84 during mid-day trading on Wednesday, reaching $311.60. 483,087 shares of the company's stock were exchanged, compared to its average volume of 1,304,984. The firm has a 50-day moving average price of $298.33 and a two-hundred day moving average price of $278.33. SAP SE has a 52 week low of $194.93 and a 52 week high of $311.58. The firm has a market capitalization of $382.80 billion, a price-to-earnings ratio of 59.66, a price-to-earnings-growth ratio of 4.37 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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. SAP had a net margin of 16.33% and a return on equity of 13.66%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. Analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Company 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.