MAI Capital Management reduced its position in shares of SAP SE (NYSE:SAP) by 22.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,980 shares of the software maker’s stock after selling 1,156 shares during the quarter. MAI Capital Management’s holdings in SAP were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Fisher Asset Management LLC increased its stake in SAP by 1.9% in the first quarter. Fisher Asset Management LLC now owns 6,982,476 shares of the software maker’s stock worth $734,277,000 after purchasing an additional 131,728 shares during the period. FMR LLC increased its stake in SAP by 17.4% in the second quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock worth $281,582,000 after purchasing an additional 360,669 shares during the period. Northern Trust Corp increased its stake in SAP by 6.2% in the first quarter. Northern Trust Corp now owns 1,564,517 shares of the software maker’s stock worth $164,525,000 after purchasing an additional 90,998 shares during the period. Cambiar Investors LLC increased its stake in shares of SAP by 0.5% during the second quarter. Cambiar Investors LLC now owns 1,431,160 shares of the software maker’s stock valued at $165,528,000 after buying an additional 7,503 shares during the period. Finally, Morgan Stanley increased its stake in shares of SAP by 34.2% during the second quarter. Morgan Stanley now owns 1,318,602 shares of the software maker’s stock valued at $152,509,000 after buying an additional 335,687 shares during the period. Hedge funds and other institutional investors own 4.52% of the company’s stock.

SAP stock traded up $1.62 during trading on Friday, reaching $114.53. 967,412 shares of the company traded hands, compared to its average volume of 968,017. SAP SE has a 12 month low of $99.20 and a 12 month high of $127.16. The company has a market cap of $151.11 billion, a P/E ratio of 26.70, a PEG ratio of 3.82 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, July 19th. The software maker reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. SAP had a return on equity of 18.07% and a net margin of 17.92%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts anticipate that SAP SE will post 4.39 EPS for the current year.

Several equities analysts have recently commented on SAP shares. Zacks Investment Research lowered SAP from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of SAP in a research note on Monday, September 17th. Barclays cut their price target on SAP from $134.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, July 20th. Royal Bank of Canada restated a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. Finally, Deutsche Bank restated a “buy” rating on shares of SAP in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $113.70.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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