Dorsey & Whitney Trust CO LLC Has $2.46 Million Stock Holdings in SAP SE (NYSE:SAP)

Dorsey & Whitney Trust CO LLC lessened its holdings in SAP SE (NYSE:SAP) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,992 shares of the software maker’s stock after selling 759 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in SAP were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC acquired a new position in SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter worth about $27,000. Albion Financial Group UT raised its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP in the third quarter worth about $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP during the fourth quarter worth about $42,000.

Analyst Ratings Changes

Several analysts have weighed in on SAP shares. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays upped their price objective on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, JMP Securities upped their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

SAP opened at $276.43 on Friday. SAP SE has a one year low of $175.08 and a one year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The company’s 50 day simple moving average is $272.04 and its 200-day simple moving average is $246.32. The stock has a market capitalization of $339.60 billion, a P/E ratio of 96.32, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts anticipate that SAP SE will post 6.55 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.