SAP SE $SAP Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its position in SAP SE (NYSE:SAP) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC lifted its position in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after buying an additional 66 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in SAP during the second quarter worth $31,000. Dagco Inc. acquired a new position in shares of SAP in the 1st quarter valued at $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP in the first quarter valued at approximately $53,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SAP shares. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Barclays restated an “overweight” rating and set a $322.00 target price (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $281.67.

SAP Stock Performance

SAP stock opened at $271.42 on Thursday. SAP SE has a one year low of $227.52 and a one year high of $313.28. The firm has a market capitalization of $333.44 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 4.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average price is $270.64 and its 200 day moving average price is $282.35.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 net margin of 18.26% and a return on equity of 14.84%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. As a group, sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

SAP 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.