SAP SE $SAP Stock Holdings Reduced by Chiron Capital Management LLC

Chiron Capital Management LLC cut its stake in shares of SAP SE (NYSE:SAP) by 38.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,607 shares of the software maker’s stock after selling 3,500 shares during the quarter. SAP comprises approximately 1.0% of Chiron Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Chiron Capital Management LLC’s holdings in SAP were worth $1,169,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SAP. Bank of America Corp DE lifted its holdings in shares of SAP by 15.9% in the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock valued at $345,567,000 after buying an additional 276,263 shares during the period. Tidal Investments LLC raised its stake in shares of SAP by 18.5% during the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after buying an additional 189,591 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of SAP during the 1st quarter valued at approximately $150,701,000. Ruane Cunniff & Goldfarb L.P. lifted its position in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after buying an additional 703,982 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of SAP by 48.2% during the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock valued at $94,257,000 after buying an additional 179,040 shares in the last quarter.

SAP Price Performance

Shares of SAP stock traded up $4.68 during mid-day trading on Thursday, reaching $225.17. 1,569,515 shares of the stock traded hands, compared to its average volume of 2,964,645. The business has a 50-day moving average of $212.22 and a 200 day moving average of $184.37. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $281.36. The stock has a market capitalization of $276.62 billion, a PE ratio of 28.30, a PEG ratio of 2.63 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

SAP (NYSE:SAP) last released its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS. On average, analysts predict that SAP SE will post 8.00 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SAP. Wells Fargo & Company reissued an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, August 21st. Citigroup reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, September 22nd. Barclays lifted their target price on shares of SAP from $242.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.71.

SAP Profile

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.

The company’s principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions.