Bayesian Capital Management LP Purchases Shares of 3,799 SAP SE (NYSE:SAP)

Bayesian Capital Management LP purchased a new stake in shares of SAP SE (NYSE:SAP) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,799 shares of the software maker’s stock, valued at approximately $741,000.

A number of other hedge funds have also bought and sold shares of SAP. Northwest Investment Counselors LLC acquired a new position in SAP during the 1st quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new position in SAP during the 1st quarter valued at approximately $29,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of SAP in the fourth quarter worth $31,000. Adirondack Trust Co. increased its stake in shares of SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after acquiring an additional 109 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of SAP in the fourth quarter worth $33,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAP shares. Sanford C. Bernstein began coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective on the stock. BMO Capital Markets raised their price target on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. TD Cowen raised their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.17.

SAP Trading Down 1.1 %

Shares of NYSE SAP traded down $2.29 during trading on Tuesday, hitting $206.91. The company had a trading volume of 965,928 shares, compared to its average volume of 783,635. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $214.94. The stock has a fifty day simple moving average of $196.85 and a two-hundred day simple moving average of $188.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Analysts predict that SAP SE will post 4.75 EPS for the current fiscal year.

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.