Harvest Portfolios Group Inc. Trims Stock Holdings in SAP SE (NYSE:SAP)

Harvest Portfolios Group Inc. lessened its stake in shares of SAP SE (NYSE:SAP) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,389 shares of the software maker’s stock after selling 387 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in SAP were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after acquiring an additional 4,596 shares in the last quarter. Creative Planning boosted its holdings in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after acquiring an additional 14,546 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in SAP in the 3rd quarter valued at about $3,780,000. Finally, Dash Acquisitions Inc. lifted its position in shares of SAP by 2.8% during the third quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock worth $19,039,000 after purchasing an additional 2,175 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen upped their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Performance

Shares of SAP opened at $231.26 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 52-week low of $139.76 and a 52-week high of $243.01. The stock has a 50 day moving average price of $226.49 and a 200 day moving average price of $208.02. The company has a market capitalization of $284.10 billion, a price-to-earnings ratio of 92.50, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the business earned $1.20 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts predict that SAP SE will post 4.9 EPS for the current fiscal year.

SAP Company 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.