Balyasny Asset Management L.P. Purchases 1,332 Shares of SAP SE (NYSE:SAP)

Balyasny Asset Management L.P. raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 71.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,198 shares of the software maker's stock after acquiring an additional 1,332 shares during the period. Balyasny Asset Management L.P.'s holdings in SAP were worth $787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SAP. WCM Investment Management LLC acquired a new position in shares of SAP in the 4th quarter valued at $290,023,000. TD Asset Management Inc. grew its holdings in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after buying an additional 890,157 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Northern Trust Corp grew its holdings in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of SAP in the 4th quarter valued at $163,630,000.

SAP Stock Up 0.7%

Shares of SAP stock traded up $2.11 during trading hours on Friday, reaching $296.46. 1,192,583 shares of the company's stock were exchanged, compared to its average volume of 1,046,511. The company has a 50 day moving average of $272.18 and a two-hundred day moving average of $262.95. SAP SE has a fifty-two week low of $179.43 and a fifty-two week high of $303.40. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $364.20 billion, a P/E ratio of 103.30, a P/E/G ratio of 4.71 and a beta of 1.35.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This represents a dividend yield of 0.8%. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend is Tuesday, May 13th. SAP's dividend payout ratio is currently 35.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAP shares. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Argus reaffirmed a "buy" rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets upped their target price on shares of SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Barclays reaffirmed an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has an average rating of "Buy" and an average target price of $264.00.

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.