Dorsey Wright & Associates Cuts Stock Position in SAP SE (NYSE:SAP)

Dorsey Wright & Associates lowered its stake in SAP SE (NYSE:SAP) by 22.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,496 shares of the software maker’s stock after selling 3,913 shares during the quarter. Dorsey Wright & Associates’ holdings in SAP were worth $3,323,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SAP. Thrivent Financial for Lutherans increased its stake in SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker’s stock worth $852,000 after buying an additional 1,642 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SAP by 24.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker’s stock valued at $15,059,000 after purchasing an additional 12,948 shares during the last quarter. D.A. Davidson & CO. purchased a new position in SAP in the 3rd quarter valued at $296,000. Quantbot Technologies LP boosted its stake in SAP by 248.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,959 shares of the software maker’s stock worth $1,136,000 after purchasing an additional 3,536 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of SAP in the third quarter valued at about $42,000.

SAP Stock Performance

NYSE SAP opened at $267.83 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company has a market cap of $329.03 billion, a P/E ratio of 93.32, a P/E/G ratio of 4.71 and a beta of 1.25. The stock has a 50-day moving average of $277.05 and a two-hundred day moving average of $251.73. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70.

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, analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAP. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Company Profile

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.