SAP SE (SAP) Holdings Cut by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its holdings in SAP SE (NYSE:SAP) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918,100 shares of the software maker’s stock after selling 2,854 shares during the quarter. Macquarie Group Ltd. owned 0.07% of SAP SE worth $100,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in SAP SE by 23.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 272,611 shares of the software maker’s stock valued at $29,934,000 after purchasing an additional 50,905 shares during the period. SG Americas Securities LLC grew its stake in SAP SE by 1,473.2% in the 3rd quarter. SG Americas Securities LLC now owns 29,481 shares of the software maker’s stock valued at $3,233,000 after purchasing an additional 27,607 shares during the period. Advisors Asset Management Inc. grew its stake in SAP SE by 27.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 13,813 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 2,987 shares during the period. Russell Investments Group Ltd. grew its stake in SAP SE by 8.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after purchasing an additional 83,601 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new position in SAP SE in the 3rd quarter valued at $100,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

Shares of SAP SE (NYSE SAP) traded down $0.19 on Friday, reaching $113.75. The company had a trading volume of 393,707 shares, compared to its average volume of 638,923. The stock has a market cap of $139,590.00, a PE ratio of 31.50, a price-to-earnings-growth ratio of 3.26 and a beta of 1.14. 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 SE has a twelve month low of $81.30 and a twelve month high of $116.90.

SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.68 billion. SAP SE had a return on equity of 16.13% and a net margin of 17.75%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. research analysts predict that SAP SE will post 4.13 earnings per share for the current year.

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A number of research analysts have issued reports on the company. BMO Capital Markets assumed coverage on SAP SE in a research note on Friday, October 20th. They issued a “market perform” rating and a $115.00 price objective for the company. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $120.00 price objective on shares of SAP SE in a research note on Tuesday. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, October 16th. Royal Bank Of Canada restated a “neutral” rating on shares of SAP SE in a research note on Monday, October 16th. Finally, Stifel Nicolaus restated a “sell” rating and issued a $75.00 price objective on shares of SAP SE in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $106.91.

SAP SE Company 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 SE (NYSE:SAP)

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