SAP SE (NYSE:SAP) Stock Position Lowered by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its stake in SAP SE (NYSE:SAPGet Rating) by 32.2% in the first quarter, Holdings Channel reports. The institutional investor owned 770,161 shares of the software maker’s stock after selling 365,098 shares during the quarter. Neuberger Berman Group LLC’s holdings in SAP were worth $85,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA grew its position in SAP by 111.1% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 475 shares of the software maker’s stock worth $53,000 after purchasing an additional 250 shares during the last quarter. BOKF NA increased its position in shares of SAP by 54.0% during the fourth quarter. BOKF NA now owns 19,427 shares of the software maker’s stock worth $2,722,000 after acquiring an additional 6,813 shares in the last quarter. Cerity Partners LLC increased its position in shares of SAP by 14.9% during the first quarter. Cerity Partners LLC now owns 3,714 shares of the software maker’s stock worth $413,000 after acquiring an additional 481 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in SAP by 20.4% in the first quarter. Mount Yale Investment Advisors LLC now owns 2,716 shares of the software maker’s stock valued at $301,000 after purchasing an additional 460 shares in the last quarter. Finally, Bank of Montreal Can grew its position in SAP by 15.7% in the first quarter. Bank of Montreal Can now owns 217,251 shares of the software maker’s stock valued at $24,665,000 after purchasing an additional 29,446 shares in the last quarter. Institutional investors own 5.20% of the company’s stock.

SAP Stock Down 0.6 %

SAP stock opened at $83.94 on Friday. SAP SE has a twelve month low of $82.41 and a twelve month high of $149.92. The stock has a 50 day moving average of $89.44 and a two-hundred day moving average of $97.66. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $99.01 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.18 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAP. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of SAP from €120.00 ($122.45) to €115.00 ($117.35) in a research note on Friday, July 22nd. Morgan Stanley dropped their target price on shares of SAP from €134.00 ($136.73) to €122.00 ($124.49) and set an “overweight” rating on the stock in a research report on Thursday, July 14th. BNP Paribas lowered shares of SAP from an “outperform” rating to a “neutral” rating and set a $105.00 price target for the company. in a research note on Thursday, June 30th. Cowen reduced their target price on shares of SAP to $107.00 in a research note on Friday, July 22nd. Finally, BMO Capital Markets dropped their price objective on shares of SAP from $112.00 to $105.00 and set a “market perform” rating on the stock in a report on Tuesday, July 12th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

SAP Company Profile

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

Further Reading

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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