SAP SE (NYSE:SAP) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC trimmed its stake in SAP SE (NYSE:SAP) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,531 shares of the software maker’s stock after selling 73 shares during the quarter. Blue Barn Wealth LLC’s holdings in SAP were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. Centricity Wealth Management LLC acquired a new stake in SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT lifted its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP during the 3rd quarter worth approximately $47,000.

SAP Price Performance

NYSE SAP opened at $287.09 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $352.69 billion, a PE ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP SE has a 12-month low of $175.08 and a 12-month high of $293.70. The company has a 50 day moving average price of $271.00 and a two-hundred day moving average price of $245.49.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $248.83.

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.