SAP SE (NYSE:SAP) Holdings Cut by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its stake in SAP SE (NYSE:SAP) by 22.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,159 shares of the software maker’s stock after selling 18,430 shares during the quarter. Boston Common Asset Management LLC’s holdings in SAP were worth $14,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Palogic Value Management L.P. lifted its position in SAP by 5.4% in the 4th quarter. Palogic Value Management L.P. now owns 6,035 shares of the software maker’s stock worth $933,000 after buying an additional 308 shares in the last quarter. Sunpointe LLC acquired a new position in shares of SAP during the 4th quarter worth $311,000. Syon Capital LLC increased its stake in shares of SAP by 31.9% during the 4th quarter. Syon Capital LLC now owns 3,996 shares of the software maker’s stock worth $618,000 after purchasing an additional 967 shares during the last quarter. Abel Hall LLC acquired a new position in shares of SAP during the 4th quarter worth $236,000. Finally, SageView Advisory Group LLC acquired a new position in shares of SAP during the 4th quarter worth $199,000.

Analysts Set New Price Targets

Several research analysts have recently commented on SAP shares. TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Barclays raised their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, JMP Securities raised their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $232.17.

SAP Stock Performance

NYSE SAP opened at $224.78 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $276.14 billion, a price-to-earnings ratio of 96.89, a P/E/G ratio of 4.40 and a beta of 1.25. The company’s fifty day moving average is $217.87 and its two-hundred day moving average is $201.77. SAP SE has a 52-week low of $127.30 and a 52-week high of $231.13.

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

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.