SAP (NYSE:SAP) Shares Gap Down – Time to Sell?

Shares of SAP SE (NYSE:SAP) gapped down before the market opened on Thursday . The stock had previously closed at $264.12, but opened at $257.74. SAP shares last traded at $256.73, with a volume of 185,902 shares.

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has an average rating of “Buy” and an average target price of $248.83.

SAP Price Performance

The company has a market capitalization of $324.38 billion, a P/E ratio of 92.00, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a fifty day moving average price of $273.62 and a 200 day moving average price of $247.62. 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 issued its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently added to or reduced their stakes in SAP. FMR LLC lifted its position in 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 purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new position in shares of SAP in the fourth quarter valued at $290,023,000. TD Asset Management Inc. increased its holdings in shares of SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after buying an additional 798,037 shares in the last quarter. Finally, Northern Trust Corp raised its stake in SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after purchasing an additional 701,880 shares during the period.

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.