Malaga Cove Capital LLC Reduces Position in SAP SE (NYSE:SAP)

Malaga Cove Capital LLC cut its stake in shares of SAP SE (NYSE:SAP) by 33.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,791 shares of the software maker’s stock after selling 3,345 shares during the period. Malaga Cove Capital LLC’s holdings in SAP were worth $1,556,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in SAP during the first quarter worth $25,000. Godsey & Gibb Inc. purchased a new position in SAP during the 3rd quarter valued at about $25,000. POM Investment Strategies LLC grew its position in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC increased its stake in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of SAP by 254.2% during the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on SAP shares. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays increased their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities boosted 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. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Down 2.0 %

SAP stock opened at $231.26 on Thursday. The company’s 50 day moving average is $226.49 and its two-hundred day moving average is $208.02. SAP SE has a twelve month low of $139.76 and a twelve month high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $284.10 billion, a P/E ratio of 92.50, a PEG ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Research analysts expect that SAP SE will post 4.9 earnings per share 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.