Highland Capital Management LLC Sells 1,490 Shares of SAP SE (NYSE:SAP)

Highland Capital Management LLC lowered its stake in SAP SE (NYSE:SAP) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,507 shares of the software maker’s stock after selling 1,490 shares during the period. Highland Capital Management LLC’s holdings in SAP were worth $3,935,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Calamos Wealth Management LLC grew its holdings in SAP by 8.6% during the 2nd quarter. Calamos Wealth Management LLC now owns 19,102 shares of the software maker’s stock worth $3,853,000 after acquiring an additional 1,506 shares during the last quarter. Optas LLC increased its position in SAP by 14.6% in the 2nd quarter. Optas LLC now owns 2,684 shares of the software maker’s stock valued at $541,000 after acquiring an additional 341 shares during the period. RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% during the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares during the period. Finally, LRI Investments LLC increased its holdings in SAP by 68.3% in the second quarter. LRI Investments LLC now owns 212 shares of the software maker’s stock valued at $43,000 after purchasing an additional 86 shares during the period.

SAP Stock Up 0.9 %

SAP stock traded up $1.90 during mid-day trading on Friday, reaching $219.15. 1,285,335 shares of the company traded hands, compared to its average volume of 784,120. The stock has a market cap of $258.50 billion, a price-to-earnings ratio of 47.54, a P/E/G ratio of 4.27 and a beta of 1.25. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $220.13. The firm’s 50 day moving average price is $204.46 and its 200 day moving average price is $193.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts predict that SAP SE will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SAP shares. Sanford C. Bernstein began coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Barclays raised their target price on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price target on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.00.

About SAP

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.