SAP SE $SAP Shares Sold by Naples Global Advisors LLC

Key Points

• Naples Global Advisors LLC reduced its stake in SAP SE by 3.1%, selling 1,007 shares, bringing its holdings to 31,266 shares valued at approximately $9.5 million, making SAP its 21st largest position.
• SAP's stock opened at $270.17, with a yearly high of $313.28, while recent earnings reported a net margin of 18.26% and revenue exceeding estimates at $10.58 billion.
• Several brokerages upgraded SAP's rating, with Wall Street Zen shifting it from "hold" to "buy" and Barclays raising the price target to $322.00, contributing to a consensus "Buy" rating among analysts.

Naples Global Advisors LLC decreased its holdings in SAP SE (NYSE:SAP - Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,266 shares of the software maker's stock after selling 1,007 shares during the period. SAP makes up about 0.8% of Naples Global Advisors LLC's investment portfolio, making the stock its 21st largest position. Naples Global Advisors LLC's holdings in SAP were worth $9,508,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in SAP in the second quarter valued at approximately $920,000. Modern Wealth Management LLC boosted its position in SAP by 292.2% during the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock worth $1,252,000 after purchasing an additional 3,474 shares during the period. Ascent Group LLC boosted its position in SAP by 196.3% during the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock worth $1,121,000 after purchasing an additional 2,766 shares during the period. Goldman Sachs Group Inc. boosted its position in SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock worth $354,048,000 after purchasing an additional 80,164 shares during the period. Finally, Bain Capital Public Equity Management II LLC purchased a new stake in SAP during the 1st quarter worth $13,869,000.

SAP Stock Up 1.1%

SAP stock opened at $270.17 on Thursday. SAP SE has a twelve month low of $217.51 and a twelve month high of $313.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $331.91 billion, a P/E ratio of 44.73, a PEG ratio of 3.84 and a beta of 1.28. The firm has a 50 day simple moving average of $273.52 and a 200-day simple moving average of $282.31.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share 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 business had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company earned $1.10 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SAP. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Piper Sandler initiated coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays reiterated an "overweight" rating and set a $322.00 price objective (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $281.67.

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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