Banco de Sabadell S.A Sells 345 Shares of SAP SE (NYSE:SAP)

Banco de Sabadell S.A lessened its position in SAP SE (NYSE:SAP) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,338 shares of the software maker’s stock after selling 345 shares during the period. SAP accounts for about 1.6% of Banco de Sabadell S.A’s portfolio, making the stock its 29th biggest holding. Banco de Sabadell S.A’s holdings in SAP were worth $2,053,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Centricity Wealth Management LLC acquired a new position in shares of SAP in the fourth quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. increased its position in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the period. Albion Financial Group UT raised its stake in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of SAP during the third quarter worth $42,000.

SAP Trading Up 0.4 %

NYSE:SAP opened at $272.69 on Friday. The firm has a fifty day simple moving average of $275.63 and a two-hundred day simple moving average of $249.68. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market capitalization of $335.00 billion, a price-to-earnings ratio of 95.01, a PEG ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS 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%. Analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the subject of several analyst reports. JMP Securities raised their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $248.83.

SAP 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.