SAP SE (NYSE:SAP) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,550 shares of the software maker's stock after selling 3,605 shares during the period. LPL Financial LLC's holdings in SAP were worth $31,018,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after buying an additional 82 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares during the period. Founders Capital Management increased its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares during the period. Highline Wealth Partners LLC raised its stake in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in SAP by 108.6% in the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock valued at $53,000 after purchasing an additional 101 shares during the period.

SAP Price Performance

Shares of NYSE:SAP opened at $282.95 on Friday. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The firm has a market capitalization of $347.60 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.17. The company's fifty day moving average price is $298.92 and its 200 day moving average price is $284.20.

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

Analysts Set New Price Targets

Several brokerages have weighed in on SAP. Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. BMO Capital Markets upped their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note 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 for the company. Argus reissued a "buy" rating and issued a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Finally, Barclays restated an "overweight" rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SAP presently has a consensus rating of "Buy" and an average price target 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.

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