SAP SE (NYSE:SAP) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC lessened its holdings in SAP SE (NYSE:SAP) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 999,944 shares of the software maker’s stock after selling 64,471 shares during the quarter. SAP comprises approximately 0.7% of Polen Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Polen Capital Management LLC owned 0.08% of SAP worth $246,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Centricity Wealth Management LLC acquired a new position in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT grew its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP during the 4th quarter worth approximately $42,000.

SAP Trading Up 3.5 %

Shares of SAP stock opened at $264.05 on Monday. The stock’s fifty day moving average is $273.62 and its two-hundred day moving average is $248.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $324.38 billion, a P/E ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week 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%. Research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP presently has a consensus 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.