Jennison Associates LLC decreased its position in shares of SAP SE (NYSE:SAP - Free Report) by 60.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,024 shares of the software maker's stock after selling 116,663 shares during the quarter. Jennison Associates LLC's holdings in SAP were worth $20,139,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in SAP. Cullen Frost Bankers Inc. raised its position in SAP by 35.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 394 shares of the software maker's stock worth $106,000 after buying an additional 103 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of SAP by 2.1% in the first quarter. Segall Bryant & Hamill LLC now owns 42,840 shares of the software maker's stock worth $11,500,000 after acquiring an additional 868 shares during the period. Bridgewater Advisors Inc. purchased a new position in shares of SAP during the first quarter valued at approximately $1,367,000. Whittier Trust Co. lifted its position in SAP by 9.7% during the first quarter. Whittier Trust Co. now owns 9,809 shares of the software maker's stock valued at $2,633,000 after purchasing an additional 865 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in SAP by 6.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 157,600 shares of the software maker's stock worth $42,306,000 after purchasing an additional 10,061 shares during the last quarter.
SAP Price Performance
Shares of NYSE SAP traded down $4.26 during mid-day trading on Thursday, reaching $286.38. The company's stock had a trading volume of 2,258,046 shares, compared to its average volume of 1,286,959. 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 SE has a 52 week low of $194.93 and a 52 week high of $313.28. The stock has a fifty day moving average of $300.33 and a two-hundred day moving average of $282.62. The firm has a market capitalization of $351.81 billion, a PE ratio of 47.41, a P/E/G ratio of 4.12 and a beta of 1.30.
SAP (NYSE:SAP - Get Free Report) last posted its 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 14.77% and a net margin of 18.26%. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SAP. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. BMO Capital Markets raised their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $279.33.
Check Out Our Latest Stock Analysis on SAP
SAP Company Profile
(
Free Report)
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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