CSat Investment Advisory L.P. Sells 11,585 Shares of SAP SE (NYSE:SAP)

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CSat Investment Advisory L.P. cut its stake in SAP SE (NYSE:SAP) by 47.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,738 shares of the software maker’s stock after selling 11,585 shares during the quarter. SAP makes up approximately 0.6% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 24th largest holding. CSat Investment Advisory L.P.’s holdings in SAP were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Next Capital Management LLC bought a new position in shares of SAP in the second quarter valued at about $26,000. AdvisorNet Financial Inc raised its position in shares of SAP by 241.9% in the second quarter. AdvisorNet Financial Inc now owns 294 shares of the software maker’s stock valued at $40,000 after purchasing an additional 208 shares during the period. Coastal Investment Advisors Inc. raised its position in shares of SAP by 44.2% in the second quarter. Coastal Investment Advisors Inc. now owns 300 shares of the software maker’s stock valued at $42,000 after purchasing an additional 92 shares during the period. Whittier Trust Co. raised its position in shares of SAP by 52.7% in the second quarter. Whittier Trust Co. now owns 313 shares of the software maker’s stock valued at $43,000 after purchasing an additional 108 shares during the period. Finally, Sandy Spring Bank raised its position in shares of SAP by 178.5% in the second quarter. Sandy Spring Bank now owns 337 shares of the software maker’s stock valued at $47,000 after purchasing an additional 216 shares during the period. 4.89% of the stock is currently owned by institutional investors.

SAP stock traded down $0.41 during mid-day trading on Friday, hitting $119.40. The stock had a trading volume of 1,092,990 shares, compared to its average volume of 461,966. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. SAP SE has a 52 week low of $94.81 and a 52 week high of $140.62. The firm has a market capitalization of $146.68 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.65 and a beta of 1.10. The firm has a fifty day simple moving average of $119.74 and a 200 day simple moving average of $122.58.

SAP (NYSE:SAP) last released its earnings results on Thursday, July 18th. The software maker reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that SAP SE will post 4.28 earnings per share for the current fiscal year.

A number of equities analysts recently commented on SAP shares. ValuEngine lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays lowered their price target on shares of SAP from $143.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Jefferies Financial Group started coverage on shares of SAP in a research report on Monday, July 22nd. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 price target on the stock. in a research report on Tuesday, July 23rd. Finally, HSBC raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. SAP currently has a consensus rating of “Hold” and a consensus target price of $125.63.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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