Sage Mountain Advisors LLC Has $547,000 Stock Holdings in SAP SE (NYSE:SAP)

Sage Mountain Advisors LLC decreased its stake in SAP SE (NYSE:SAP) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,221 shares of the software maker’s stock after selling 718 shares during the period. Sage Mountain Advisors LLC’s holdings in SAP were worth $547,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new stake in SAP during the 4th quarter valued at approximately $290,023,000. Raymond James Financial Inc. acquired a new position in shares of SAP in the 4th quarter worth approximately $150,668,000. Fisher Asset Management LLC raised its stake in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after buying an additional 403,956 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in SAP in the fourth quarter valued at $47,195,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

SAP opened at $260.43 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $272.58 and its two-hundred day moving average price is $247.11. The company has a market cap of $319.94 billion, a price-to-earnings ratio of 90.74, a PEG ratio of 4.71 and a beta of 1.25. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

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.