Euro Pacific Asset Management LLC Sells 64 Shares of SAP SE (NYSE:SAP)

Euro Pacific Asset Management LLC cut its position in SAP SE (NYSE:SAP) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,679 shares of the software maker’s stock after selling 64 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in SAP were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Holocene Advisors LP bought a new stake in SAP during the third quarter valued at $10,869,000. Atomi Financial Group Inc. boosted its position in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 3,495 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 8,380 shares during the last quarter. Finally, Creative Planning raised its stake in SAP by 18.0% in the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after purchasing an additional 14,546 shares in the last quarter.

SAP Price Performance

SAP opened at $276.41 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $248.64 and its 200 day simple moving average is $229.78. The firm has a market cap of $339.56 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 3.89 and a beta of 1.22. SAP SE has a 1 year low of $172.32 and a 1 year high of $277.36.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays lifted their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $264.50.

About SAP

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.