SAP SE (NYSE:SAP) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its holdings in shares of SAP SE (NYSE:SAP) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 39,727 shares of the software maker’s stock after selling 3,187 shares during the period. Thornburg Investment Management Inc.’s holdings in SAP were worth $8,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. American Century Companies Inc. increased its position in SAP by 5.6% in the second quarter. American Century Companies Inc. now owns 76,077 shares of the software maker’s stock worth $15,346,000 after buying an additional 4,037 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of SAP by 3.5% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,856 shares of the software maker’s stock worth $374,000 after acquiring an additional 62 shares during the period. AMJ Financial Wealth Management lifted its position in SAP by 23.7% in the 2nd quarter. AMJ Financial Wealth Management now owns 44,092 shares of the software maker’s stock valued at $8,894,000 after purchasing an additional 8,434 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in SAP by 7.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 3,319 shares of the software maker’s stock valued at $669,000 after purchasing an additional 242 shares during the period. Finally, Gryphon Financial Partners LLC boosted its stake in SAP by 12.0% during the 2nd quarter. Gryphon Financial Partners LLC now owns 2,686 shares of the software maker’s stock valued at $542,000 after purchasing an additional 287 shares during the period.

SAP Price Performance

NYSE:SAP opened at $221.01 on Friday. SAP SE has a 52-week low of $126.75 and a 52-week high of $221.24. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $210.18 and its 200 day moving average price is $197.08.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, sell-side analysts predict that SAP SE will post 4.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JMP Securities raised their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen raised their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Sanford C. Bernstein began coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, SAP has an average rating of “Moderate Buy” and an average target price of $232.00.

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.