SAP SE (NYSE:SAP) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in SAP SE (NYSE:SAP - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,268 shares of the software maker's stock after selling 2,356 shares during the period. M&T Bank Corp's holdings in SAP were worth $13,763,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Principal Street Partners LLC grew its position in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after purchasing an additional 35 shares during the period. Alaethes Wealth LLC grew its position in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period. D Orazio & Associates Inc. grew its position in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares during the period. Warther Private Wealth LLC grew its position in SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock worth $459,000 after purchasing an additional 47 shares during the period. Finally, Moors & Cabot Inc. grew its position in SAP by 4.9% in the 4th quarter. Moors & Cabot Inc. now owns 1,022 shares of the software maker's stock worth $252,000 after purchasing an additional 48 shares during the period.

Analysts Set New Price Targets

SAP has been the topic of several analyst reports. Barclays reiterated an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. BMO Capital Markets lifted 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. Finally, UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SAP currently has an average rating of "Buy" and an average target price of $271.83.

SAP Stock Performance

SAP stock traded down $5.57 during midday trading on Thursday, hitting $306.36. 1,368,918 shares of the stock traded hands, compared to its average volume of 1,091,430. The firm has a market cap of $376.37 billion, a P/E ratio of 58.69, a PEG ratio of 4.43 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The stock's fifty day simple moving average is $298.74 and its 200-day simple moving average is $278.56. SAP SE has a 1-year low of $194.93 and a 1-year high of $314.68.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

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.