Pinnbrook Capital Management LP Cuts Stock Position in SAP SE (NYSE:SAP)

Pinnbrook Capital Management LP lessened its stake in shares of SAP SE (NYSE:SAP) by 39.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,583 shares of the software maker’s stock after selling 9,655 shares during the quarter. Pinnbrook Capital Management LP’s holdings in SAP were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the third quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT raised its stake in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP in the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP in the third quarter worth $47,000.

SAP Stock Performance

NYSE SAP opened at $290.49 on Tuesday. The firm has a market capitalization of $356.86 billion, a P/E ratio of 101.21, a P/E/G ratio of 4.63 and a beta of 1.23. SAP SE has a 1-year low of $174.88 and a 1-year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The business’s 50-day simple moving average is $262.25 and its 200-day simple moving average is $238.71.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research analyst reports. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.