Rock Point Advisors LLC Has $6.70 Million Stock Holdings in SAP SE (NYSE:SAP)

Rock Point Advisors LLC reduced its holdings in shares of SAP SE (NYSE:SAP) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,229 shares of the software maker’s stock after selling 810 shares during the quarter. SAP accounts for about 1.8% of Rock Point Advisors LLC’s holdings, making the stock its 21st biggest position. Rock Point Advisors LLC’s holdings in SAP were worth $6,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC lifted its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in SAP in the third quarter worth $40,573,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares during the period. Marshall Wace LLP bought a new stake in SAP in the 2nd quarter valued at about $21,479,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of SAP during the 2nd quarter valued at approximately $20,532,000.

Wall Street Analyst Weigh In

Several research analysts have commented on SAP shares. BMO Capital Markets raised their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities upped their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a 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. TD Cowen upped their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Up 0.5 %

Shares of SAP stock traded up $1.27 during mid-day trading on Tuesday, hitting $235.08. The company’s stock had a trading volume of 39,089 shares, compared to its average volume of 797,706. The business has a 50-day moving average price of $230.85 and a 200 day moving average price of $212.68. 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 stock has a market cap of $288.80 billion, a price-to-earnings ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. SAP SE has a 52-week low of $148.38 and a 52-week high of $243.01.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. 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.