SAP SE $SAP Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC reduced its stake in SAP SE (NYSE:SAP) by 98.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102 shares of the software maker’s stock after selling 4,898 shares during the period. FNY Investment Advisers LLC’s holdings in SAP were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in shares of SAP by 17.1% in the 3rd quarter. Allworth Financial LP now owns 2,444 shares of the software maker’s stock valued at $653,000 after buying an additional 357 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in SAP by 16.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 122,977 shares of the software maker’s stock worth $32,861,000 after acquiring an additional 17,153 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in SAP in the third quarter valued at $32,760,000. First Affirmative Financial Network lifted its position in SAP by 6.4% in the third quarter. First Affirmative Financial Network now owns 7,291 shares of the software maker’s stock valued at $1,948,000 after acquiring an additional 439 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in SAP by 136.2% in the third quarter. Captrust Financial Advisors now owns 117,545 shares of the software maker’s stock valued at $31,409,000 after acquiring an additional 67,783 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAP shares. HSBC raised SAP to a “hold” rating in a report on Tuesday, January 20th. Arete Research raised SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Santander upgraded SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Barclays set a $283.00 price target on SAP in a research report on Monday, February 2nd. Finally, TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Price Performance

Shares of NYSE:SAP opened at $175.80 on Friday. The company has a 50-day simple moving average of $207.87 and a 200-day simple moving average of $238.93. SAP SE has a one year low of $174.50 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $215.97 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.93 and a beta of 1.18.

SAP (NYSE:SAP) last announced its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. On average, analysts predict that SAP SE will post 6.55 EPS for the current year.

About SAP

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.