SAP SE (NYSE:SAP) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in SAP SE by 5.4%, selling 21,971 shares during the first quarter, leaving it with a total of 386,003 shares valued at approximately $103.6 million.
• Several hedge funds, including Deutsche Bank AG and Mitsubishi UFJ Asset Management, have significantly increased their holdings in SAP, indicating confidence in the software maker's prospects.
• Analysts are optimistic about SAP, with 11 rating the stock as a "buy" and a consensus target price of $281.67, reflecting positive sentiment following recent earnings which exceeded expectations.

Natixis Advisors LLC lowered its holdings in SAP SE (NYSE:SAP - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,003 shares of the software maker's stock after selling 21,971 shares during the period. Natixis Advisors LLC's holdings in SAP were worth $103,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAP. Mesirow Financial Investment Management Inc. raised its stake in SAP by 6.6% during the first quarter. Mesirow Financial Investment Management Inc. now owns 3,226 shares of the software maker's stock worth $866,000 after acquiring an additional 200 shares in the last quarter. Arkadios Wealth Advisors lifted its position in SAP by 484.8% in the 1st quarter. Arkadios Wealth Advisors now owns 8,012 shares of the software maker's stock valued at $2,151,000 after acquiring an additional 6,642 shares in the last quarter. Brucke Financial Inc. increased its stake in SAP by 1.6% in the 1st quarter. Brucke Financial Inc. now owns 3,848 shares of the software maker's stock valued at $1,124,000 after buying an additional 62 shares during the last quarter. Brio Consultants LLC bought a new position in SAP during the first quarter valued at about $296,000. Finally, Picton Mahoney Asset Management raised its holdings in shares of SAP by 8.9% in the 1st quarter. Picton Mahoney Asset Management now owns 34,649 shares of the software maker's stock worth $9,300,000 after purchasing an additional 2,845 shares during the period.

SAP Price Performance

Shares of NYSE:SAP traded down $3.75 during trading on Friday, reaching $282.95. 1,578,515 shares of the company's stock traded hands, compared to its average volume of 1,409,978. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28. The company has a quick ratio of 1.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $347.60 billion, a PE ratio of 46.85, a P/E/G ratio of 4.12 and a beta of 1.27. The company has a 50-day simple moving average of $298.92 and a 200-day simple moving average of $284.04.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets raised their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Piper Sandler assumed coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Barclays restated an "overweight" rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $281.67.

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.