SAP SE (NYSE:SAP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in SAP SE (NYSE:SAP) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,576 shares of the software maker’s stock after selling 141 shares during the period. Thrivent Financial for Lutherans’ holdings in SAP were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SAP. Charles Schwab Investment Management Inc. lifted its position in SAP by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after purchasing an additional 12,948 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of SAP in the third quarter valued at approximately $296,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of SAP by 30.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker’s stock valued at $3,299,000 after buying an additional 3,400 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of SAP by 17.7% during the third quarter. Rockefeller Capital Management L.P. now owns 20,520 shares of the software maker’s stock worth $4,690,000 after buying an additional 3,080 shares during the period. Finally, Verition Fund Management LLC grew its holdings in SAP by 54.6% in the 3rd quarter. Verition Fund Management LLC now owns 2,363 shares of the software maker’s stock worth $541,000 after buying an additional 835 shares in the last quarter.

SAP Stock Up 0.7 %

NYSE SAP opened at $270.33 on Wednesday. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a market capitalization of $332.10 billion, a P/E ratio of 94.19, a PEG ratio of 4.71 and a beta of 1.25. The company’s 50 day simple moving average is $277.20 and its 200 day simple moving average is $252.65. 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) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities lifted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $248.83.

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.