Clearbridge Investments LLC Sells 8,489 Shares of SAP SE (NYSE:SAP)

Clearbridge Investments LLC decreased its position in SAP SE (NYSE:SAP) by 0.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,909,543 shares of the software maker’s stock after selling 8,489 shares during the quarter. Clearbridge Investments LLC’s holdings in SAP were worth $385,174,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Modera Wealth Management LLC increased its stake in SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC increased its position in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after purchasing an additional 52 shares during the last quarter. PFG Investments LLC increased its position in shares of SAP by 2.6% during the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after purchasing an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after purchasing an additional 62 shares during the last quarter.

SAP Price Performance

Shares of SAP stock opened at $229.04 on Tuesday. SAP SE has a twelve month low of $127.30 and a twelve month high of $231.13. The stock has a market capitalization of $281.38 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 4.44 and a beta of 1.25. The stock has a fifty day simple moving average of $216.08 and a two-hundred day simple moving average of $200.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts predict that SAP SE will post 4.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAP shares. TD Cowen boosted their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. JMP Securities upped their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays upped their price objective on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

SAP Company 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.