Westfield Capital Management Co. LP Trims Holdings in SAP SE (NYSE:SAP)

Westfield Capital Management Co. LP trimmed its holdings in shares of SAP SE (NYSE:SAP) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 653,928 shares of the software maker’s stock after selling 17,204 shares during the period. Westfield Capital Management Co. LP owned 0.05% of SAP worth $149,815,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SAP. Cetera Advisors LLC increased its stake in shares of SAP by 113.3% during the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after acquiring an additional 8,003 shares during the period. Creative Planning boosted its stake in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in shares of SAP during the 3rd quarter valued at $3,780,000. Finally, Dash Acquisitions Inc. boosted its stake in shares of SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after buying an additional 2,175 shares during the period.

Analyst Ratings Changes

SAP has been the subject of several analyst reports. Barclays lifted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Price Performance

SAP stock opened at $236.25 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. The firm has a market cap of $290.23 billion, a P/E ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25. The company’s 50-day moving average price is $230.65 and its two-hundred day moving average price is $212.23.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that SAP SE will post 4.89 earnings per share for the current fiscal year.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides 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; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.