Balentine LLC Sells 2,475 Shares of SAP SE $SAP

Balentine LLC lessened its position in SAP SE (NYSE:SAP) by 40.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,646 shares of the software maker’s stock after selling 2,475 shares during the period. Balentine LLC’s holdings in SAP were worth $760,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of SAP during the third quarter valued at about $30,000. Signature Equity Partners LLC grew its holdings in shares of SAP by 75.6% during the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after purchasing an additional 68 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SAP in the third quarter valued at approximately $34,000. Front Row Advisors LLC increased its stake in shares of SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after buying an additional 145 shares during the period. Finally, West Financial Advisors LLC bought a new position in SAP in the 3rd quarter valued at approximately $41,000.

SAP Price Performance

Shares of SAP opened at $233.57 on Friday. The business has a 50-day moving average of $219.81 and a 200-day moving average of $192.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $286.94 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. SAP SE has a 1 year low of $144.97 and a 1 year high of $255.90.

Analyst Ratings Changes

SAP has been the subject of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. Oppenheimer reissued a “market perform” rating on shares of SAP in a report on Friday, July 24th. Weiss Ratings cut shares of SAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Erste Group Bank raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, October 30th. Finally, TD Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, October 15th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.83.

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