Weatherly Asset Management L. P. Has $1.37 Million Position in SAP SE (NYSE:SAP)

Weatherly Asset Management L. P. reduced its holdings in shares of SAP SE (NYSE:SAP – Get Rating) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,239 shares of the software maker’s stock after selling 300 shares during the period. Weatherly Asset Management L. P.’s holdings in SAP were worth $1,366,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SAP. Eagle Bay Advisors LLC bought a new position in SAP during the 2nd quarter valued at about $25,000. Cambridge Trust Co. lifted its holdings in SAP by 120.0% during the 3rd quarter. Cambridge Trust Co. now owns 341 shares of the software maker’s stock valued at $28,000 after purchasing an additional 186 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in SAP by 72.7% during the 3rd quarter. CENTRAL TRUST Co now owns 380 shares of the software maker’s stock valued at $31,000 after purchasing an additional 160 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in SAP during the 3rd quarter valued at about $31,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in SAP by 44.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 511 shares of the software maker’s stock valued at $41,000 after purchasing an additional 157 shares during the last quarter. 5.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAP. Barclays lifted their price target on shares of SAP from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, March 8th. BNP Paribas raised shares of SAP from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SAP from €115.00 ($123.66) to €120.00 ($129.03) and gave the stock a “buy” rating in a research note on Thursday, January 12th. Stifel Nicolaus boosted their target price on shares of SAP from €130.00 ($139.78) to €135.00 ($145.16) and gave the stock a “buy” rating in a research note on Friday, December 2nd. Finally, BMO Capital Markets boosted their target price on shares of SAP from $110.00 to $125.00 and gave the stock a “market perform” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, SAP currently has a consensus rating of “Hold” and a consensus price target of $116.67.

SAP Trading Down 0.9 %

Shares of SAP stock traded down $1.08 during trading on Friday, reaching $119.22. 1,040,263 shares of the company were exchanged, compared to its average volume of 881,932. The business has a 50-day moving average price of $116.86 and a 200-day moving average price of $103.45. The firm has a market capitalization of $140.63 billion, a price-to-earnings ratio of 57.87, a P/E/G ratio of 2.15 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.22. SAP SE has a twelve month low of $78.22 and a twelve month high of $123.28.

SAP Company Profile

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.