Sentinel Trust Co. LBA Takes $601,000 Position in SAP SE $SAP

Sentinel Trust Co. LBA bought a new position in SAP SE (NYSE:SAP) during the 1st quarter, Holdings Channel.com reports. The fund bought 3,510 shares of the software maker’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC increased its holdings in SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after acquiring an additional 179,550 shares during the last quarter. Bank of America Corp DE lifted its stake in SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Windacre Partnership LLC boosted its holdings in shares of SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of SAP by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after purchasing an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after purchasing an additional 83,349 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the topic of a number of research analyst reports. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. TD Cowen decreased their price objective on SAP from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Finally, BMO Capital Markets cut their target price on shares of SAP from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.17.

SAP Stock Up 0.0%

Shares of NYSE:SAP opened at $159.09 on Monday. The company has a market cap of $195.44 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.82 and a beta of 1.14. SAP SE has a 12 month low of $148.06 and a 12 month high of $309.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $166.86 and a 200 day moving average price of $187.14.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. As a group, equities research analysts predict that SAP SE will post 8.3 earnings per share for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.