Santa Barbara Asset Management LLC lowered its position in SAP SE (NYSE:SAP) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,914 shares of the software maker’s stock after selling 953 shares during the quarter. Santa Barbara Asset Management LLC’s holdings in SAP were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAP. Signature Estate & Investment Advisors LLC purchased a new stake in SAP in the third quarter valued at approximately $100,000. Parallel Advisors LLC lifted its stake in SAP by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock valued at $101,000 after buying an additional 234 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in SAP in the second quarter valued at approximately $132,000. IFP Advisors Inc lifted its stake in SAP by 29.4% in the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock valued at $152,000 after buying an additional 331 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in SAP in the second quarter valued at approximately $157,000. Institutional investors own 3.68% of the company’s stock.

SAP has been the subject of a number of research reports. Oppenheimer reiterated a “buy” rating and issued a $120.00 price objective on shares of SAP in a research note on Tuesday, November 14th. BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of SAP in a research note on Friday, October 13th. Royal Bank Of Canada restated a “hold” rating on shares of SAP in a research note on Monday, September 18th. DZ Bank restated a “buy” rating on shares of SAP in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $106.91.

SAP SE (SAP) traded down $0.14 during trading on Wednesday, hitting $111.30. The stock had a trading volume of 533,700 shares, compared to its average volume of 705,574. SAP SE has a twelve month low of $82.45 and a twelve month high of $116.90. The stock has a market capitalization of $136,959.77, a PE ratio of 31.04, a PEG ratio of 3.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. sell-side analysts expect that SAP SE will post 4.13 EPS for the current fiscal year.

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SAP Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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