Natixis Advisors LLC Trims Holdings in SAP SE (NYSE:SAP)

Natixis Advisors LLC lowered its holdings in shares of SAP SE (NYSE:SAP) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 291,855 shares of the software maker’s stock after selling 2,470 shares during the period. Natixis Advisors LLC’s holdings in SAP were worth $66,864,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SAP. Raymond James & Associates boosted its position in shares of SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after purchasing an additional 22,438 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of SAP by 8.6% in the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after acquiring an additional 15,604 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of SAP during the third quarter valued at $40,573,000. Finally, Sei Investments Co. raised its position in shares of SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after purchasing an additional 6,785 shares during the last quarter.

SAP Stock Down 1.3 %

SAP stock opened at $228.31 on Friday. The stock has a market cap of $280.48 billion, a PE ratio of 91.32, a price-to-earnings-growth ratio of 4.41 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average of $228.97 and a 200 day moving average of $210.45. SAP SE has a one year low of $148.10 and a one year high of $243.01.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that SAP SE will post 4.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SAP shares. TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

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.