SAP SE $SAP Stock: Capstone Capital Management Ltd Trims Stake

Key Points

• Capstone Capital Management cut its SAP stake by 62.4% in the third quarter, selling 9,215 shares and retaining 5,563 shares valued at approximately $1.16 million.
• SAP shares opened at $228.85, with a market capitalization of $281.14 billion. The stock has risen from its 52-week low of $144.97 but remains below its $281.36 high.
• Analysts maintain a generally positive view, giving SAP a consensus rating of “Moderate Buy” and an average price target of $264.71, despite the company’s latest quarterly earnings missing estimates.

Capstone Capital Management Ltd lowered its holdings in SAP SE (NYSE:SAP - Free Report) by 62.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,563 shares of the software maker's stock after selling 9,215 shares during the period. Capstone Capital Management Ltd's holdings in SAP were worth $1,160,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SAP. V Square Quantitative Management LLC acquired a new stake in shares of SAP in the third quarter valued at approximately $30,000. Continuum Advisory LLC acquired a new stake in shares of SAP in the 2nd quarter worth approximately $31,000. Front Row Advisors LLC raised its holdings in SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker's stock worth $32,000 after purchasing an additional 145 shares in the last quarter. Markowski Investments bought a new position in SAP during the 2nd quarter valued at $41,000. Finally, MidFirst Bank bought a new stake in shares of SAP in the 4th quarter worth $46,000.

SAP Price Performance

Shares of SAP stock opened at $228.85 on Wednesday. The stock has a market capitalization of $281.14 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.68 and a beta of 1.13. SAP SE has a 1-year low of $144.97 and a 1-year high of $281.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $213.82 and a 200-day simple moving average of $185.98.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.30 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that SAP SE will post 8.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SAP shares. Barclays upped their price target on shares of SAP from $242.00 to $243.00 and gave the company an "overweight" rating in a report on Tuesday, October 13th. Wells Fargo & Company reissued an "overweight" rating on shares of SAP in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of SAP from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Friday, August 21st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $260.00 price objective on shares of SAP in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, SAP currently has an average rating of "Moderate Buy" and a consensus target price of $264.71.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP's portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.

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