Baron Wealth Management LLC Sells 550 Shares of SAP SE (NYSE:SAP)

Baron Wealth Management LLC decreased its position in shares of SAP SE (NYSE:SAP) by 25.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,612 shares of the software maker’s stock after selling 550 shares during the quarter. Baron Wealth Management LLC’s holdings in SAP were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SAP. LRI Investments LLC bought a new position in SAP during the 1st quarter worth approximately $25,000. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter valued at approximately $25,000. POM Investment Strategies LLC raised its holdings in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% in 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 during the last quarter. Finally, Atticus Wealth Management LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $40,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAP. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen boosted their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Trading Up 1.3 %

Shares of SAP stock opened at $231.30 on Tuesday. The firm has a 50-day moving average of $229.32 and a 200-day moving average of $211.02. The stock has a market cap of $284.15 billion, a PE ratio of 92.52, a PEG ratio of 4.41 and a beta of 1.25. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. As a group, sell-side analysts forecast that SAP SE will post 4.85 EPS 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.