SAP SE $SAP Stake Lessened by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in shares of SAP SE (NYSE:SAP) by 15.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,131 shares of the software maker’s stock after selling 40,712 shares during the quarter. First Trust Advisors LP’s holdings in SAP were worth $60,425,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new stake in shares of SAP in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC grew its stake in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in SAP in the third quarter valued at about $27,000. Copia Wealth Management bought a new stake in SAP in the third quarter valued at about $28,000. Finally, Guerra Advisors Inc acquired a new stake in SAP during the third quarter valued at approximately $31,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SAP. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research report on Friday, January 30th. Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Down 2.2%

Shares of SAP stock opened at $195.79 on Wednesday. The stock has a market capitalization of $240.53 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.22 and a beta of 1.18. SAP SE has a twelve month low of $187.93 and a twelve month high of $313.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $216.56 and its 200-day simple moving average is $243.45.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.