China Universal Asset Management Co. Ltd. Sells 8,100 Shares of SAP SE $SAP

China Universal Asset Management Co. Ltd. decreased its position in shares of SAP SE (NYSE:SAP) by 48.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,600 shares of the software maker’s stock after selling 8,100 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in SAP were worth $2,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its holdings in shares of SAP by 9.0% in the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SAP by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,675 shares of the software maker’s stock worth $298,387,000 after acquiring an additional 28,924 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of SAP by 9,269.8% in the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after buying an additional 416,678 shares in the last quarter. Finally, Sands Capital Management LLC lifted its holdings in SAP by 29.8% during the second quarter. Sands Capital Management LLC now owns 289,386 shares of the software maker’s stock valued at $88,002,000 after purchasing an additional 66,354 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on SAP shares. Citigroup cut SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Piper Sandler began coverage on SAP in a report on Tuesday, February 3rd. They set an “overweight” rating for the company. Santander upgraded SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Monday, October 27th. Finally, Argus restated a “buy” rating and set a $320.00 price target on shares of SAP in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Trading Down 2.4%

Shares of SAP stock opened at $200.29 on Friday. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28. The company’s fifty day moving average is $228.46 and its two-hundred day moving average is $251.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market capitalization of $246.06 billion, a P/E ratio of 28.41, a PEG ratio of 2.28 and a beta of 1.17.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

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.