SAP (NYSE:SAP) Shares Cross Above 200-Day Moving Average – Time to Sell?

SAP SE (NYSE:SAP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $179.48 and traded as high as $217.36. SAP shares last traded at $216.99, with a volume of 1,512,232 shares traded.

Analysts Set New Price Targets

SAP has been the topic of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research note on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. TD Cowen reissued a “buy” rating on shares of SAP in a report on Friday, July 24th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Friday. Finally, BMO Capital Markets upped their price target on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $264.83.

SAP Stock Up 0.6%

The stock’s 50 day moving average is $174.21 and its 200 day moving average is $179.75. The company has a market capitalization of $268.32 billion, a PE ratio of 27.44, a PEG ratio of 2.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%.The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.30 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that SAP SE will post 8.13 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dash Acquisitions Inc. raised its position in shares of SAP by 8.7% in the fourth quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock worth $19,161,000 after buying an additional 6,315 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in SAP by 59.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock worth $3,097,000 after acquiring an additional 6,763 shares during the last quarter. Rock Point Advisors LLC raised its holdings in shares of SAP by 66.5% in the 4th quarter. Rock Point Advisors LLC now owns 33,569 shares of the software maker’s stock valued at $8,154,000 after acquiring an additional 13,413 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of SAP in the 1st quarter valued at about $2,306,000. Finally, Sterling Investment Management LLC bought a new stake in shares of SAP during the 4th quarter valued at about $1,512,000.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.