Pin Oak Investment Advisors Inc. Has $28,000 Stake in SAP SE (NYSE:SAP)

Pin Oak Investment Advisors Inc. lowered its holdings in SAP SE (NYSE:SAP) by 33.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125 shares of the software maker’s stock after selling 62 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in SAP were worth $28,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SAP. Cetera Advisors LLC grew its holdings in SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after acquiring an additional 8,003 shares during the last quarter. Creative Planning grew its stake in shares of SAP by 18.0% during 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in SAP in the 3rd quarter worth approximately $3,780,000. Finally, Dash Acquisitions Inc. lifted its holdings in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock worth $19,039,000 after buying an additional 2,175 shares in the last quarter.

Analysts Set New Price Targets

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

SAP Stock Down 1.3 %

SAP traded down $3.04 on Thursday, hitting $232.02. 961,865 shares of the company were exchanged, compared to its average volume of 801,857. The stock’s fifty day moving average is $231.31 and its 200-day moving average is $213.13. SAP SE has a 12 month low of $148.38 and a 12 month 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. The company has a market cap of $285.04 billion, a PE ratio of 92.88, a PEG ratio of 4.49 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings data 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that SAP SE will post 4.89 EPS for the current fiscal 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.