World Asset Management Inc lowered its holdings in shares of SAP SE (NYSE:SAP) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 69,447 shares of the software maker’s stock after selling 2,718 shares during the period. World Asset Management Inc’s holdings in SAP were worth $7,803,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Harding Loevner LP grew its holdings in SAP by 4,590.3% during the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock worth $402,798,000 after purchasing an additional 262,215,799 shares during the period. Fisher Asset Management LLC grew its holdings in SAP by 2.1% during the third quarter. Fisher Asset Management LLC now owns 6,599,155 shares of the software maker’s stock worth $723,597,000 after purchasing an additional 136,874 shares during the period. Northern Trust Corp grew its holdings in SAP by 2.0% during the second quarter. Northern Trust Corp now owns 1,476,441 shares of the software maker’s stock worth $154,540,000 after purchasing an additional 29,555 shares during the period. Neuberger Berman Group LLC grew its holdings in SAP by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 1,346,504 shares of the software maker’s stock worth $147,644,000 after purchasing an additional 33,768 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in SAP by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock worth $121,363,000 after purchasing an additional 83,601 shares during the period. Institutional investors and hedge funds own 3.67% of the company’s stock.

SAP SE (SAP) traded up $0.48 during midday trading on Friday, hitting $111.67. 898,000 shares of the stock were exchanged, compared to its average volume of 874,575. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP SE has a 52 week low of $88.80 and a 52 week high of $116.90. The firm has a market capitalization of $137,070.00, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.95 and a beta of 1.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. SAP had a net margin of 15.80% and a return on equity of 15.43%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.68 billion. The firm’s revenue was up 4.0% on a year-over-year basis. research analysts predict that SAP SE will post 4.13 earnings per share for the current year.

SAP has been the subject of several research reports. Stifel Nicolaus restated a “sell” rating and set a $75.00 price objective on shares of SAP in a research report on Thursday, October 12th. BMO Capital Markets restated a “hold” rating and set a $110.00 price objective on shares of SAP in a research report on Friday, October 13th. Royal Bank of Canada restated a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Morgan Stanley restated a “buy” rating on shares of SAP in a research report on Monday, October 16th. Finally, DZ Bank restated a “buy” rating on shares of SAP in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $102.55.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/01/19/sap-se-sap-shares-sold-by-world-asset-management-inc.html.

SAP Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.