SAP SE (NYSE:SAP) Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 35.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,993 shares of the software maker's stock after selling 1,113 shares during the period. Strategic Global Advisors LLC's holdings in SAP were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC increased its stake in shares of SAP by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after purchasing an additional 403,956 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. Northern Trust Corp increased its stake in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SAP by 145.5% in the 4th 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of SAP by 5.7% in the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after purchasing an additional 70,613 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on SAP. Argus reiterated a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, BMO Capital Markets increased their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $264.00.

SAP Trading Down 0.2%

Shares of SAP stock traded down $0.67 on Wednesday, hitting $298.60. 761,594 shares of the company traded hands, compared to its average volume of 1,046,559. The stock's 50 day moving average price is $274.45 and its 200-day moving average price is $264.28. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 52 week low of $179.43 and a 52 week high of $303.40. The company has a market cap of $366.83 billion, a PE ratio of 104.04, a PEG ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a dividend of $2.5423 per share. This represents a yield of 0.8%. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date is Tuesday, May 13th. SAP's dividend payout ratio (DPR) is presently 35.25%.

SAP 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.