SAP SE (NYSE:SAP) Shares Sold by Wealth Alliance

Wealth Alliance lowered its position in shares of SAP SE (NYSE:SAPGet Rating) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,483 shares of the software maker’s stock after selling 249 shares during the period. Wealth Alliance’s holdings in SAP were worth $386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SAP. EverSource Wealth Advisors LLC acquired a new position in shares of SAP during the 4th quarter worth about $32,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in SAP during the fourth quarter worth approximately $42,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SAP in the fourth quarter valued at approximately $44,000. Montag A & Associates Inc. purchased a new position in SAP in the first quarter valued at approximately $45,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of SAP during the 1st quarter worth approximately $48,000.

SAP Stock Performance

NYSE SAP opened at $94.20 on Wednesday. The business has a 50 day moving average price of $92.54 and a 200 day moving average price of $102.86. The company has a market capitalization of $111.12 billion, a P/E ratio of 24.60, a PEG ratio of 1.34 and a beta of 1.09. SAP SE has a 1-year low of $83.50 and a 1-year high of $151.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.96 and a quick ratio of 0.96.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Grupo Santander upgraded shares of SAP from an “underperform” rating to a “neutral” rating and set a €104.00 ($106.12) price target on the stock in a research note on Thursday, May 5th. Jefferies Financial Group decreased their target price on SAP from €120.00 ($122.45) to €110.00 ($112.24) and set a “hold” rating for the company in a research report on Monday, June 20th. BNP Paribas lowered SAP from an “outperform” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research report on Thursday, June 30th. Oddo Bhf decreased their price objective on SAP from €104.00 ($106.12) to €93.00 ($94.90) and set a “neutral” rating for the company in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of SAP from €135.00 ($137.76) to €115.00 ($117.35) and set a “neutral” rating on the stock in a report on Monday, April 25th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

About SAP

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

See Also

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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