Balentine LLC Sells 2,475 Shares of SAP SE $SAP

Balentine LLC decreased its position in SAP SE (NYSE:SAP) by 40.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,646 shares of the software maker’s stock after selling 2,475 shares during the period. Balentine LLC’s holdings in SAP were worth $760,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in SAP during the 3rd quarter worth about $30,000. Signature Equity Partners LLC raised its position in shares of SAP by 75.6% in the 3rd quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SAP in the 3rd quarter valued at about $34,000. Front Row Advisors LLC lifted its stake in shares of SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares during the period. Finally, West Financial Advisors LLC acquired a new position in shares of SAP in the 3rd quarter valued at about $41,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAP. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, August 21st. Barclays increased their price target on shares of SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Oppenheimer restated a “market perform” rating on shares of SAP in a report on Friday, July 24th. Argus set a $265.00 price objective on shares of SAP in a research report on Thursday, September 10th. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

SAP Price Performance

Shares of NYSE SAP opened at $233.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $219.81 and a two-hundred day simple moving average of $192.43. SAP SE has a 1-year low of $144.97 and a 1-year high of $255.90. The firm has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11.

SAP Profile