As Sap Se (SAP) Market Valuation Rose, Soroban Capital Partners LP Has Decreased Stake by $37.66 Million

SAP SE (NYSE:SAP) Logo

Soroban Capital Partners Lp decreased its stake in Sap Se (SAP) by 7.99% based on its latest 2018Q4 regulatory filing with the SEC. Soroban Capital Partners Lp sold 380,430 shares as the company’s stock rose 2.30% with the market. The hedge fund held 4.38 million shares of the prepackaged software company at the end of 2018Q4, valued at $435.96 million, down from 4.76M at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Sap Se for a number of months, seems to be less bullish one the $146.44 billion market cap company. The stock decreased 1.61% or $2 during the last trading session, reaching $122.92. About 470,855 shares traded. SAP SE (NYSE:SAP) has risen 5.22% since May 31, 2018 and is uptrending. It has outperformed by 0.85% the S&P500.

Soroban Capital Partners Lp, which manages about $10.82 billion and $4.77 billion US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 1.17 million shares to 2.85 million shares, valued at $390.56 million in 2018Q4, according to the filing. It also increased its holding in United Technologies Corp (NYSE:UTX) by 1.35M shares in the quarter, for a total of 3.74M shares, and has risen its stake in Sony Corp (NYSE:SNE).

Analysts await SAP SE (NYSE:SAP) to report earnings on July, 18. They expect $1.09 EPS, up 28.24 % or $0.24 from last year’s $0.85 per share. SAP’s profit will be $1.30 billion for 28.19 P/E if the $1.09 EPS becomes a reality. After $0.63 actual EPS reported by SAP SE for the previous quarter, Wall Street now forecasts 73.02 % EPS growth.

More notable recent SAP SE (NYSE:SAP) news were published by: Seekingalpha.com which released: “Masters Of Cloud, Part 2: The Evolving Landscape – Seeking Alpha” on May 13, 2019, also Prnewswire.com with their article: “Smart, Simple and Secure Technology Powered by SAP HANA® and SAP® Cloud Platform Helps Customers Realize the Intelligent Enterprise – PRNewswire” published on May 08, 2019, Investorplace.com published: “The Real Reason Microsoft Stock Stands Out Among Other Big Tech Names – Investorplace.com” on May 24, 2019. More interesting news about SAP SE (NYSE:SAP) were released by: Prnewswire.com and their article: “SAP Paves the Path to Create Outcome-based Intelligent Enterprises With Experience Management (XM) – PRNewswire” published on May 07, 2019 as well as Twst.com‘s news article titled: “SAP SE: SAP Named a Leader by Gartner in Its Magic Quadrant for Sales and Operations Planning Systems of Differentiation – The Wall Street Transcript” with publication date: May 23, 2019.

SAP SE (NYSE:SAP) Ratings Coverage

Among 3 analysts covering SAP (NYSE:SAP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. SAP had 6 analyst reports since February 4, 2019 according to SRatingsIntel. RBC Capital Markets upgraded the shares of SAP in report on Monday, April 29 to “Outperform” rating. The company was maintained on Thursday, April 25 by JMP Securities. As per Monday, February 4, the company rating was downgraded by Bank of America.

SAP SE (NYSE:SAP) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.