SRN Advisors LLC Sells 3,520 Shares of SAP SE (NYSE:SAP)

SRN Advisors LLC reduced its holdings in SAP SE (NYSE:SAP) by 39.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,506 shares of the software maker’s stock after selling 3,520 shares during the quarter. SRN Advisors LLC’s holdings in SAP were worth $1,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors lifted its stake in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in SAP in the first quarter worth approximately $58,936,000. Principal Financial Group Inc. grew its position in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the last quarter. Marshall Wace LLP bought a new position in shares of SAP during the second quarter valued at about $21,479,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of SAP in the second quarter worth about $20,532,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research analyst reports. TD Cowen raised their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets raised their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities increased their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Finally, Barclays boosted their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.17.

SAP Price Performance

Shares of SAP opened at $225.85 on Wednesday. The company has a market capitalization of $277.46 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. SAP SE has a twelve month low of $127.30 and a twelve month high of $231.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $216.30 and a 200 day moving average of $200.49.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that SAP SE will post 4.78 earnings per share for the current fiscal year.

SAP 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.