Mitsubishi UFJ Asset Management Co. Ltd. Has $739,000 Stock Position in SAP SE $SAP

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in shares of SAP SE (NYSE:SAP) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,430 shares of the software maker’s stock after selling 979 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SAP were worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SAP. Central Pacific Bank Trust Division bought a new stake in shares of SAP in the second quarter valued at about $920,000. Modern Wealth Management LLC increased its stake in SAP by 292.2% during the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after acquiring an additional 3,474 shares during the period. Ascent Group LLC raised its holdings in SAP by 196.3% in the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock valued at $1,121,000 after acquiring an additional 2,766 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares during the period. Finally, Bain Capital Public Equity Management II LLC acquired a new stake in shares of SAP during the 1st quarter worth approximately $13,869,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAP. JMP Securities restated a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $284.33.

SAP Stock Down 2.7%

SAP opened at $245.02 on Friday. The firm has a market cap of $301.01 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. The firm’s 50-day simple moving average is $265.26 and its 200-day simple moving average is $282.96. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. Equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company Profile

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.