SAP SE $SAP Stock Holdings Decreased by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in shares of SAP SE (NYSE:SAP) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,250 shares of the software maker’s stock after selling 150 shares during the quarter. Boston Trust Walden Corp’s holdings in SAP were worth $2,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Twin Tree Management LP boosted its position in SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after purchasing an additional 280,896 shares during the period. Main Street Research LLC bought a new position in shares of SAP during the 1st quarter worth about $32,151,000. Deutsche Bank AG increased its holdings in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after purchasing an additional 100,487 shares during the period. Goldman Sachs Group Inc. boosted its stake in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after buying an additional 80,164 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in SAP by 108.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 128,100 shares of the software maker’s stock worth $38,517,000 after buying an additional 66,551 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SAP shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, September 16th. JMP Securities raised their target price on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 23rd. Barclays reissued an “overweight” rating and issued a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $281.67.

SAP Stock Performance

NYSE SAP opened at $271.42 on Thursday. The firm’s fifty day moving average price is $270.64 and its two-hundred day moving average price is $282.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28. The stock has a market cap of $333.44 billion, a PE ratio of 44.94, a PEG ratio of 4.03 and a beta of 1.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company Profile

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.