AdvisorShares Investments LLC Lowers Stock Position in SAP SE (NYSE:SAP)

AdvisorShares Investments LLC trimmed its holdings in shares of SAP SE (NYSE:SAP) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,703 shares of the software maker’s stock after selling 88 shares during the quarter. AdvisorShares Investments LLC’s holdings in SAP were worth $738,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC bought a new stake in SAP during the 1st quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC lifted its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its position in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in SAP in the first quarter valued at about $29,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays increased their price target on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. BMO Capital Markets raised their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. TD Cowen lifted their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. Finally, JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Performance

NYSE:SAP opened at $213.98 on Wednesday. The company has a market capitalization of $252.41 billion, a P/E ratio of 46.42, a PEG ratio of 4.10 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $126.75 and a 12 month high of $221.24. The firm has a fifty day simple moving average of $209.53 and a 200-day simple moving average of $196.77.

SAP (NYSE:SAP) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, equities research analysts anticipate that SAP SE will post 4.83 earnings per share for the current 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.