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

Balyasny Asset Management L.P. boosted its position in shares of SAP SE (NYSE:SAP - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,198 shares of the software maker's stock after purchasing an additional 1,332 shares during the quarter. Balyasny Asset Management L.P.'s holdings in SAP were worth $787,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital boosted its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after buying an additional 46 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of SAP by 19.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,377 shares of the software maker's stock valued at $339,000 after buying an additional 223 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of SAP by 10.6% in the fourth quarter. Kathmere Capital Management LLC now owns 3,777 shares of the software maker's stock valued at $930,000 after buying an additional 363 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of SAP by 37.9% in the fourth quarter. Park Avenue Securities LLC now owns 19,906 shares of the software maker's stock valued at $4,901,000 after buying an additional 5,473 shares during the period. Finally, RMR Wealth Builders acquired a new position in shares of SAP in the fourth quarter valued at approximately $246,000.

SAP Stock Performance

Shares of SAP traded up $0.80 during trading hours on Tuesday, hitting $299.54. The company had a trading volume of 200,164 shares, compared to its average volume of 1,043,129. The firm has a market cap of $367.98 billion, a price-to-earnings ratio of 104.42, a PEG ratio of 4.71 and a beta of 1.35. The business has a fifty day moving average of $272.87 and a 200-day moving average of $263.79. SAP SE has a 12 month low of $179.43 and a 12 month high of $303.40. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 9.17% and a return on equity of 12.18%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $2.5423 per share. This represents a 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 presently 35.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SAP shares. BMO Capital Markets upped their price target on shares of SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Barclays reissued an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday. They issued an "overweight" rating on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, SAP presently has a consensus rating of "Buy" and a consensus target price of $264.00.

About SAP

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.