Vontobel Holding Ltd. Reduces Stock Holdings in SAP SE (NYSE:SAP)

Vontobel Holding Ltd. lowered its position in SAP SE (NYSE:SAP - Free Report) by 58.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,350 shares of the software maker's stock after selling 3,250 shares during the quarter. Vontobel Holding Ltd.'s holdings in SAP were worth $631,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its position in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after buying an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares in the last quarter. Founders Capital Management increased its position in shares of SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its stake in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares during the last quarter.

SAP Stock Up 1.5%

SAP opened at $302.76 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $371.93 billion, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 4.34 and a beta of 1.30. The business has a 50-day moving average of $297.61 and a two-hundred day moving average of $277.71. SAP SE has a 12 month low of $194.93 and a 12 month high of $311.40.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAP. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Piper Sandler began coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Barclays reiterated an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SAP currently has an average rating of "Buy" and an average target price 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.

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