SAP SE (NYSE:SAP) Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,953 shares of the software maker’s stock after selling 530 shares during the period. AdvisorShares Investments LLC’s holdings in SAP were worth $727,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Lido Advisors LLC grew its holdings in SAP by 12.7% in the 4th quarter. Lido Advisors LLC now owns 4,789 shares of the software maker’s stock valued at $1,179,000 after buying an additional 539 shares in the last quarter. Northern Trust Corp boosted its holdings in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after purchasing an additional 701,880 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of SAP by 49.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,463 shares of the software maker’s stock valued at $1,345,000 after buying an additional 1,817 shares during the period. Integrated Wealth Concepts LLC increased its stake in SAP by 64.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,693 shares of the software maker’s stock worth $909,000 after acquiring an additional 1,454 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of SAP by 67.5% in the 4th quarter. MGO One Seven LLC now owns 5,335 shares of the software maker’s stock valued at $1,314,000 after purchasing an additional 2,150 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAP. BMO Capital Markets increased their target price on shares of SAP from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays reiterated an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has an average rating of “Buy” and a consensus price target of $254.67.

SAP Price Performance

Shares of NYSE:SAP opened at $285.19 on Tuesday. SAP SE has a 12 month low of $179.15 and a 12 month high of $293.70. The firm has a market capitalization of $350.36 billion, a P/E ratio of 99.37, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company’s fifty day moving average price is $267.77 and its 200 day moving average price is $257.41.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, sell-side analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP’s previous annual dividend of $2.39. This represents a yield of 0.8%. SAP’s dividend payout ratio is currently 35.25%.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.