SAP SE (SAP) Position Decreased by Huntington National Bank

Huntington National Bank trimmed its position in SAP SE (NYSE:SAP) by 26.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854 shares of the software maker’s stock after selling 309 shares during the quarter. Huntington National Bank’s holdings in SAP were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC grew its holdings in SAP by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 6,926,072 shares of the software maker’s stock valued at $689,491,000 after buying an additional 170,359 shares in the last quarter. FMR LLC grew its holdings in shares of SAP by 32.1% during the 4th quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock worth $350,010,000 after purchasing an additional 854,993 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SAP by 0.8% during the 4th quarter. Bank of America Corp DE now owns 2,462,235 shares of the software maker’s stock worth $245,116,000 after purchasing an additional 20,431 shares in the last quarter. GQG Partners LLC grew its holdings in shares of SAP by 108.4% during the 4th quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock worth $220,951,000 after purchasing an additional 1,153,894 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of SAP by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,666,916 shares of the software maker’s stock worth $165,942,000 after purchasing an additional 9,312 shares in the last quarter. 4.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SAP stock opened at $111.20 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. SAP SE has a twelve month low of $94.81 and a twelve month high of $127.16. The firm has a market cap of $137.42 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.02.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 29th. The software maker reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.10). SAP had a return on equity of 16.47% and a net margin of 16.44%. The business had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. SAP’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, research analysts expect that SAP SE will post 5.02 earnings per share for the current fiscal year.

Several analysts have recently issued reports on SAP shares. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a report on Friday, February 8th. Morgan Stanley reissued a “neutral” rating on shares of SAP in a report on Wednesday, April 3rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Monday, February 4th. DZ Bank reissued a “buy” rating on shares of SAP in a report on Tuesday, January 29th. Finally, HSBC lowered SAP from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.50.

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SAP Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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