SAP SE (NYSE:SAP) Holdings Trimmed by Cox Capital Mgt LLC

Cox Capital Mgt LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 0.6% in the third quarter, Holdings Channel reports. The firm owned 28,843 shares of the software maker’s stock after selling 160 shares during the period. SAP accounts for approximately 4.0% of Cox Capital Mgt LLC’s holdings, making the stock its 3rd largest position. Cox Capital Mgt LLC’s holdings in SAP were worth $6,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cetera Advisors LLC grew its stake in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after acquiring an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets grew its stake in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after purchasing an additional 4,596 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in SAP during the 1st quarter worth $237,000. CWM LLC raised its position in SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after buying an additional 6,785 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAP shares. JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets lifted their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. TD Cowen boosted their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Barclays increased their target price on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $232.17.

SAP Stock Up 1.5 %

SAP stock traded up $3.38 on Friday, hitting $228.15. 553,546 shares of the company’s stock were exchanged, compared to its average volume of 782,234. The firm has a 50 day moving average price of $218.72 and a two-hundred day moving average price of $202.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 12-month low of $127.30 and a 12-month high of $231.13. The stock has a market cap of $280.28 billion, a P/E ratio of 98.37, a price-to-earnings-growth ratio of 4.40 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, equities research analysts expect that SAP SE will post 4.78 EPS for the current fiscal year.

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.