Rock Point Advisors LLC Sells 4,430 Shares of SAP SE (NYSE:SAP)

Rock Point Advisors LLC lessened its holdings in SAP SE (NYSE:SAP - Free Report) by 17.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,468 shares of the software maker's stock after selling 4,430 shares during the quarter. SAP accounts for approximately 1.7% of Rock Point Advisors LLC's investment portfolio, making the stock its 24th biggest position. Rock Point Advisors LLC's holdings in SAP were worth $5,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after buying an additional 1,302,061 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of SAP by 125.0% during 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. JPMorgan Chase & Co. lifted its holdings 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 worth $331,523,000 after purchasing an additional 798,037 shares during the period. Northern Trust Corp increased its holdings in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of SAP in the fourth quarter valued at about $163,630,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Argus reiterated a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. BMO Capital Markets increased their price target on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Stock Down 1.8%

Shares of NYSE:SAP traded down $5.57 during mid-day trading on Thursday, hitting $306.36. 1,368,918 shares of the company traded hands, compared to its average volume of 1,091,430. The stock has a market cap of $376.37 billion, a P/E ratio of 58.69, a P/E/G ratio of 4.43 and a beta of 1.30. The stock has a 50-day moving average price of $298.74 and a two-hundred day moving average price of $278.56. SAP SE has a 12-month low of $194.93 and a 12-month high of $314.68. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share 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 during the quarter, compared to the consensus estimate of $9.08 billion. On average, equities research analysts forecast that SAP SE will post 6.55 earnings per share 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.