Kestra Advisory Services LLC Trims Stock Position in SAP SE $SAP

Kestra Advisory Services LLC cut its holdings in SAP SE (NYSE:SAP) by 60.6% during the first quarter, HoldingsChannel reports. The fund owned 2,433 shares of the software maker’s stock after selling 3,743 shares during the period. Kestra Advisory Services LLC’s holdings in SAP were worth $417,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. raised its position in SAP by 13.0% in the first quarter. Nicholas Hoffman & Company LLC. now owns 1,979 shares of the software maker’s stock valued at $339,000 after purchasing an additional 228 shares during the period. Jackson Thornton Wealth Management LLC purchased a new position in shares of SAP during the 1st quarter worth $209,000. R Squared Ltd increased its position in shares of SAP by 7.5% during the 1st quarter. R Squared Ltd now owns 1,610 shares of the software maker’s stock worth $276,000 after purchasing an additional 113 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in SAP by 66.3% in the 1st quarter. Resonant Capital Advisors LLC now owns 3,529 shares of the software maker’s stock valued at $604,000 after buying an additional 1,407 shares during the period. Finally, Clare Market Investments LLC acquired a new position in SAP in the first quarter valued at about $486,000.

Key SAP News

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP’s strategy to combine cloud ERP, trusted enterprise data and embedded AI is expected to support autonomous workflows and strengthen its long-term growth outlook. The company is also aiming to deploy AI at scale across enterprise customers. How SAP’s AI and Cloud Strategy Is Reshaping Its Growth Outlook Now
• Positive Sentiment: Barclays maintained an “overweight” rating while lowering its price target from $255 to $242. The revised target still implies substantial upside from recent trading levels, signaling continued confidence in SAP’s long-term prospects. Barclays SAP price target update
• Positive Sentiment: SAP is positioned to benefit from the enterprise shift toward agentic AI, cloud ERP and usage-based software consumption, potentially expanding recurring revenue opportunities. How SAP Is Riding the Enterprise Shift Toward Agentic AI and Cloud ERP
• Neutral Sentiment: Reports that Australia’s Department of Home Affairs has begun scoping an SAP ECC6 replacement highlight potential future migration demand, but no contract or revenue impact has been announced. Home Affairs starts scoping SAP ECC6 replacement
• Negative Sentiment: Investors remain cautious because SAP’s 2026 profit outlook was reduced, while legacy-software declines, AI-related investment, rising costs and lengthy enterprise sales cycles could dilute margins and delay returns. Is SAP Stock a Buy After the 2026 Selloff and Profit Outlook Cut?

Analyst Ratings Changes

Several brokerages have weighed in on SAP. Jefferies Financial Group lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Weiss Ratings cut shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $265.00 target price on shares of SAP in a report on Wednesday, June 10th. Finally, BMO Capital Markets boosted their target price on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average price target of $264.83.

SAP Stock Performance

Shares of SAP stock opened at $179.29 on Wednesday. The stock has a market capitalization of $220.25 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $165.52 and a 200 day moving average of $183.12. SAP SE has a 12 month low of $144.97 and a 12 month high of $299.48.

SAP (NYSE:SAP) last issued its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.88% and a return on equity of 17.16%. As a group, sell-side analysts forecast that SAP SE will post 8.16 earnings per share for the current year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.