Tectonic Advisors LLC Cuts Stake in SAP SE (NYSE:SAP)

Tectonic Advisors LLC decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 37.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,000 shares of the software maker's stock after selling 1,198 shares during the period. Tectonic Advisors LLC's holdings in SAP were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SAP. GAMMA Investing LLC boosted its position in SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after buying an additional 1,302,061 shares during the period. TD Asset Management Inc. lifted its position in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after purchasing an additional 798,037 shares during the period. Northern Trust Corp boosted its stake in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after purchasing an additional 701,880 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of SAP in the fourth quarter worth approximately $163,630,000.

SAP Stock Up 1.5%

Shares of SAP stock traded up $4.48 during trading on Wednesday, hitting $306.06. The company's stock had a trading volume of 1,021,478 shares, compared to its average volume of 1,094,951. SAP SE has a 52 week low of $194.93 and a 52 week high of $313.28. The company has a market capitalization of $376.00 billion, a PE ratio of 58.63, a P/E/G ratio of 4.25 and a beta of 1.30. The company has a fifty day simple moving average of $299.11 and a two-hundred day simple moving average of $280.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share 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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of several analyst reports. Barclays reissued an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. UBS Group raised SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average 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.