SAP SE (NYSE:SAP) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,493 shares of the software maker's stock after selling 24,885 shares during the period. Price T Rowe Associates Inc. MD's holdings in SAP were worth $10,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Atomi Financial Group Inc. increased its position in SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock valued at $4,030,000 after acquiring an additional 11,057 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock valued at $101,969,000 after purchasing an additional 249,824 shares during the last quarter. D.A. Davidson & CO. boosted its stake in SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in SAP by 164.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after purchasing an additional 1,667 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAP shares. Royal Bank of Canada reiterated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Barclays reaffirmed an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped their price objective on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $264.00.

SAP Price Performance

Shares of NYSE SAP opened at $301.79 on Friday. The firm's 50 day simple moving average is $268.42 and its 200-day simple moving average is $258.79. SAP SE has a 12 month low of $179.43 and a 12 month high of $302.68. The stock has a market capitalization of $370.75 billion, a price-to-earnings ratio of 105.15, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. Analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is 35.25%.

About SAP

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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