SAP SE (NYSE:SAP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of SAP SE (NYSE:SAP) by 78.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,705 shares of the software maker’s stock after selling 20,973 shares during the period. BNP Paribas Financial Markets’ holdings in SAP were worth $1,307,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the 3rd quarter worth about $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in shares of SAP during the second quarter worth approximately $40,000. Finally, Brooklyn Investment Group bought a new position in SAP in the 3rd quarter worth approximately $42,000.

SAP Stock Down 0.7 %

NYSE:SAP opened at $252.47 on Tuesday. The stock’s fifty day moving average price is $234.18 and its two-hundred day moving average price is $216.29. The company has a market cap of $310.16 billion, a price-to-earnings ratio of 100.99, a P/E/G ratio of 4.88 and a beta of 1.23. SAP SE has a 52-week low of $148.38 and a 52-week high of $256.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, analysts anticipate that SAP SE will post 4.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAP. BMO Capital Markets lifted their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

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.