Rock Point Advisors LLC Decreases Holdings in SAP SE (NYSE:SAP)

Rock Point Advisors LLC cut 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 Securities & Exchange Commission. The fund owned 20,468 shares of the software maker's stock after selling 4,430 shares during the period. SAP comprises 1.7% of Rock Point Advisors LLC's holdings, making the stock its 24th largest holding. Rock Point Advisors LLC's holdings in SAP were worth $5,494,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after purchasing an additional 66 shares during the last quarter. Rakuten Securities Inc. grew its holdings in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Founders Capital Management grew its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Highline Wealth Partners LLC grew its holdings in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 shares during the last quarter.

SAP Stock Down 1.7%

Shares of NYSE SAP traded down $5.22 during midday trading on Friday, reaching $300.99. 1,105,063 shares of the company's stock traded hands, compared to its average volume of 1,093,398. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock's 50 day simple moving average is $299.07 and its 200-day simple moving average is $279.28. SAP SE has a one year low of $194.93 and a one year high of $313.28. The company has a market cap of $369.77 billion, a price-to-earnings ratio of 57.66, a P/E/G ratio of 4.33 and a beta of 1.30.

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 the consensus estimate of $9.08 billion. On average, analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JMP Securities reiterated a "market outperform" rating and set a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $271.83.

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.