SAP SE $SAP Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its holdings in SAP SE by 10.8% in Q1, selling 1,542 shares for a total of 12,715 shares valued at approximately $3.41 million.
• Several other institutional investors increased their stakes in SAP, with Deutsche Bank AG raising its position by 41.3% in the last quarter.
• Despite mixed ratings from analysts, SAP shares have a consensus rating of "Buy" with an average target price of $281.67.

Advisors Asset Management Inc. cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 10.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,715 shares of the software maker's stock after selling 1,542 shares during the period. Advisors Asset Management Inc.'s holdings in SAP were worth $3,413,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock valued at $1,175,000 after acquiring an additional 1,396 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of SAP during the 1st quarter valued at about $1,580,000. BNP Paribas Financial Markets grew its position in shares of SAP by 2.6% during the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock valued at $98,483,000 after acquiring an additional 9,411 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of SAP during the 1st quarter valued at about $790,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SAP by 16.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 88,854 shares of the software maker's stock valued at $23,852,000 after acquiring an additional 12,359 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley restated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, JMP Securities lifted their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $281.67.

SAP Trading Down 1.1%

Shares of SAP stock opened at $269.01 on Friday. The stock has a market cap of $330.48 billion, a P/E ratio of 44.54, a P/E/G ratio of 3.91 and a beta of 1.29. The stock's 50 day simple moving average is $287.95 and its 200-day simple moving average is $283.86. SAP SE has a 1-year low of $210.38 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

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

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.

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