SAP SE (NYSE:SAP) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC cut its holdings in shares of SAP SE (NYSE:SAP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,093 shares of the software maker’s stock after selling 703 shares during the quarter. SAP makes up approximately 0.8% of Naples Global Advisors LLC’s holdings, making the stock its 27th largest holding. Naples Global Advisors LLC’s holdings in SAP were worth $8,148,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new position in SAP during the 4th quarter worth $290,023,000. Principal Financial Group Inc. increased its position in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after purchasing an additional 23,352 shares during the last quarter.

SAP Stock Performance

Shares of SAP opened at $291.06 on Thursday. The firm has a fifty day moving average of $260.01 and a 200-day moving average of $236.97. The company has a market cap of $357.57 billion, a price-to-earnings ratio of 101.41, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 1 year low of $173.09 and a 1 year high of $292.30.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.