Clearbridge Investments LLC Sells 296,288 Shares of SAP SE (NYSE:SAP)

Clearbridge Investments LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,441,844 shares of the software maker’s stock after selling 296,288 shares during the quarter. Clearbridge Investments LLC owned 0.12% of SAP worth $354,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after purchasing an additional 403,956 shares during the period. TD Asset Management Inc. grew its holdings in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after purchasing an additional 890,157 shares during the period. JPMorgan Chase & Co. raised its stake in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock worth $331,523,000 after buying an additional 798,037 shares during the period. WCM Investment Management LLC acquired a new stake in SAP in the 4th quarter valued at $290,023,000. Finally, Raymond James Financial Inc. bought a new stake in shares of SAP during the fourth quarter worth about $150,668,000.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Down 0.1 %

SAP opened at $267.83 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $277.05 and its 200 day simple moving average is $251.73. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The stock has a market cap of $329.03 billion, a PE ratio of 93.32, a P/E/G ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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, research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.