Neuberger Berman Group LLC Has $70.58 Million Holdings in SAP SE (NYSE:SAP)

Key Points

• Neuberger Berman Group LLC reduced its stake in SAP SE by 23.5%, owning 262,696 shares worth approximately $70.58 million after selling 80,889 shares in the last quarter.
• SAP reported a strong quarterly performance with earnings of $1.70 per share, exceeding estimates and showing an 8.9% year-over-year increase in revenue.
• Analysts have a favorable outlook on SAP, with a majority assigning a "buy" rating, and an average target price of $281.67 per share.

Neuberger Berman Group LLC decreased its position in SAP SE (NYSE:SAP - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,696 shares of the software maker's stock after selling 80,889 shares during the quarter. Neuberger Berman Group LLC's holdings in SAP were worth $70,582,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC lifted its stake in SAP by 585.7% during the first 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 lifted its position in shares of 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 acquiring an additional 66 shares during the last quarter. Founders Capital Management boosted its stake in shares of SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of SAP during the first quarter worth $45,000.

SAP Stock Down 0.4%

SAP traded down $1.19 during midday trading on Friday, hitting $277.72. 1,292,621 shares of the company's stock traded hands, compared to its average volume of 1,766,306. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $341.18 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.27. SAP SE has a one year low of $210.38 and a one year high of $313.28. The stock's fifty day simple moving average is $295.20 and its 200-day simple moving average is $285.17.

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 analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company posted $1.10 earnings per share. SAP's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAP. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday. Barclays restated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of SAP from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Argus reaffirmed a "buy" rating and issued a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.