EntryPoint Capital LLC Takes $231,000 Position in SAP SE (NYSE:SAP)

EntryPoint Capital LLC bought a new position in SAP SE (NYSE:SAP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 937 shares of the software maker's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Thrivent Financial for Lutherans raised its stake in shares of SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock worth $852,000 after buying an additional 1,642 shares during the period. Charles Schwab Investment Management Inc. raised its position in SAP by 24.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 65,732 shares of the software maker's stock worth $15,059,000 after acquiring an additional 12,948 shares during the period. Bank of Montreal Can lifted its holdings in SAP by 6.8% during the third quarter. Bank of Montreal Can now owns 176,571 shares of the software maker's stock valued at $40,258,000 after purchasing an additional 11,188 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of SAP in the third quarter valued at about $296,000. Finally, Quantbot Technologies LP increased its stake in shares of SAP by 248.5% during the third quarter. Quantbot Technologies LP now owns 4,959 shares of the software maker's stock worth $1,136,000 after purchasing an additional 3,536 shares in the last quarter.

SAP Trading Down 0.1 %

Shares of NYSE:SAP traded down $0.26 during midday trading on Wednesday, reaching $270.09. 321,950 shares of the company's stock were exchanged, compared to its average volume of 1,179,367. The stock has a market cap of $331.80 billion, a price-to-earnings ratio of 94.07, a P/E/G ratio of 4.71 and a beta of 1.25. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The firm's 50 day simple moving average is $277.20 and its two-hundred day simple moving average is $252.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SAP. Kepler Capital Markets upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Barclays increased their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and boosted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $248.83.

SAP Company 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.