Cox Capital Mgt LLC Sells 410 Shares of SAP SE (NYSE:SAP)

Cox Capital Mgt LLC trimmed its position in shares of SAP SE (NYSE:SAP) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,433 shares of the software maker’s stock after selling 410 shares during the quarter. SAP makes up about 4.5% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 3rd largest holding. Cox Capital Mgt LLC’s holdings in SAP were worth $7,000,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SAP. Godsey & Gibb Inc. acquired a new position in SAP during the third quarter worth $25,000. Brooklyn Investment Group bought a new stake in shares of SAP during the 3rd quarter worth about $42,000. Prospera Private Wealth LLC bought a new position in shares of SAP in the 3rd quarter valued at approximately $47,000. Versant Capital Management Inc bought a new position in shares of SAP in the 4th quarter valued at approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SAP in the 3rd quarter worth approximately $59,000.

SAP Stock Performance

NYSE:SAP opened at $253.20 on Wednesday. The firm’s 50-day moving average is $244.13 and its 200-day moving average is $226.99. The company has a market cap of $311.06 billion, a price-to-earnings ratio of 101.28, a PEG ratio of 4.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a 52-week low of $155.82 and a 52-week high of $256.13.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that SAP SE will post 4.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. TD Cowen increased their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their target price 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. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday. JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP 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.