SAP SE (NYSE:SAP) Shares Sold by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. cut its holdings in SAP SE (NYSE:SAP) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358 shares of the software maker’s stock after selling 132 shares during the period. Atlas Capital Advisors Inc.’s holdings in SAP were worth $88,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oppenheimer & Co. Inc. raised its holdings in SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock worth $235,000 after purchasing an additional 38 shares in the last quarter. Lindbrook Capital LLC raised its stake in SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after acquiring an additional 43 shares in the last quarter. Foster Group Inc. raised its stake in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital lifted its position in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock worth $390,000 after purchasing an additional 46 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the subject of several research reports. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Down 5.7 %

Shares of SAP stock opened at $249.38 on Friday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a market cap of $306.37 billion, a P/E ratio of 86.89, a PEG ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a fifty day moving average of $276.41 and a two-hundred day moving average of $253.26.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts forecast that SAP SE will post 6.55 earnings per share for the current 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.