Banco Santander S.A. Sells 1,601 Shares of SAP SE (NYSE:SAP)

Banco Santander S.A. decreased its holdings in SAP SE (NYSE:SAP) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,711 shares of the software maker’s stock after selling 1,601 shares during the quarter. Banco Santander S.A.’s holdings in SAP were worth $2,967,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SAP. Capital International Investors increased its stake in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after buying an additional 746,386 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SAP by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock valued at $167,987,000 after buying an additional 26,031 shares during the period. Raymond James & Associates increased its stake in shares of SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after buying an additional 22,438 shares during the period. Principal Financial Group Inc. increased its stake in shares of SAP by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after buying an additional 108,729 shares during the period. Finally, Natixis Advisors L.P. increased its stake in shares of SAP by 8.3% in the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock valued at $62,566,000 after buying an additional 31,135 shares during the period.

Wall Street Analyst Weigh In

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

SAP Trading Up 0.9 %

SAP stock traded up $1.90 during midday trading on Thursday, hitting $218.83. 736,357 shares of the company’s stock were exchanged, compared to its average volume of 789,010. The stock’s fifty day moving average price is $206.13 and its 200-day moving average price is $194.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $258.13 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 4.27 and a beta of 1.25. SAP SE has a one year low of $126.75 and a one year high of $221.24.

SAP (NYSE:SAP) last issued 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. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts predict that SAP SE will post 4.75 earnings per share for the current fiscal year.

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.