New York State Common Retirement Fund Sells 2,924 Shares of SAP SE (NYSE:SAP)

New York State Common Retirement Fund lowered its holdings in SAP SE (NYSE:SAPFree Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,854 shares of the software maker’s stock after selling 2,924 shares during the period. New York State Common Retirement Fund’s holdings in SAP were worth $4,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Capital International Investors grew its holdings in shares of SAP by 58.2% in the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after acquiring an additional 1,729,492 shares in the last quarter. Morgan Stanley grew its stake in SAP by 9.5% in the fourth quarter. Morgan Stanley now owns 2,750,865 shares of the software maker’s stock valued at $283,862,000 after purchasing an additional 238,039 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in SAP by 230.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after purchasing an additional 969,505 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of SAP by 4.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,359,398 shares of the software maker’s stock valued at $123,325,000 after buying an additional 52,207 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of SAP by 29.3% in the first quarter. Bank of America Corp DE now owns 1,311,135 shares of the software maker’s stock valued at $165,924,000 after buying an additional 297,217 shares in the last quarter. Institutional investors own 4.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group lifted their price target on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, January 26th. TheStreet upgraded SAP from a “c+” rating to a “b-” rating in a report on Monday, November 13th. StockNews.com upgraded SAP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $179.00 price target on shares of SAP in a research note on Thursday, October 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.50.

Check Out Our Latest Analysis on SAP

SAP Trading Down 1.2 %

Shares of NYSE SAP opened at $179.41 on Tuesday. SAP SE has a 1-year low of $112.57 and a 1-year high of $181.93. The business’s 50 day moving average is $161.85 and its 200-day moving average is $146.45. The company has a current ratio of 1.41, a quick ratio of 1.55 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAPGet Free Report) last released its earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a net margin of 20.30% and a return on equity of 9.54%. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. Analysts expect that SAP SE will post 5.05 EPS for the current fiscal year.

SAP Company Profile

(Free Report)

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

See Also

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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