M&T Bank Corp Lowers Position in SAP SE $SAP

Key Points

• M&T Bank trimmed its stake in SAP by 14.8% in Q4, selling 7,206 shares and ending the quarter with 41,364 shares valued at $10,048,000.
• SAP announced acquisitions of Prior Labs and Dremio and plans to invest >€1 billion in a European "frontier AI" lab focused on tabular foundation models, a strategic push markets see as strengthening its enterprise AI/data moat.
• SAP raised its annual dividend to $2.9291 (ex-dividend May 5, payable May 15), and analysts hold a consensus rating of "Moderate Buy" with a $288 price target.

M&T Bank Corp trimmed its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,364 shares of the software maker's stock after selling 7,206 shares during the quarter. M&T Bank Corp's holdings in SAP were worth $10,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SAP. Windacre Partnership LLC increased its position in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker's stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the last quarter. Bank of America Corp DE increased its position in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker's stock valued at $805,992,000 after acquiring an additional 973,779 shares during the last quarter. Sustainable Growth Advisers LP increased its position in shares of SAP by 1,126.3% during the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker's stock valued at $225,102,000 after acquiring an additional 773,720 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of SAP by 9,269.8% during the third quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker's stock valued at $112,542,000 after acquiring an additional 416,678 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of SAP by 2.8% during the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker's stock valued at $3,887,727,000 after acquiring an additional 392,010 shares during the last quarter.

SAP Price Performance

SAP opened at $172.55 on Wednesday. The company has a market capitalization of $211.97 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.92 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $180.39 and a 200-day moving average price of $218.47. SAP SE has a twelve month low of $160.66 and a twelve month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The firm had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. Equities analysts expect that SAP SE will post 8.35 EPS for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid a $2.9291 dividend. The ex-dividend date is Tuesday, May 5th. This is a positive change from SAP's previous annual dividend of $2.54. This represents a dividend yield of 170.0%. SAP's dividend payout ratio is 24.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAP. Weiss Ratings lowered shares of SAP from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 16th. Piper Sandler lowered shares of SAP from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 14th. Barclays raised their price target on shares of SAP from $256.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Citigroup lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, January 30th. Finally, Santander upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, SAP has a consensus rating of "Moderate Buy" and a consensus price target of $288.00.

Key SAP News

Here are the key news stories impacting SAP this week:

• Positive Sentiment: Announced acquisition of Prior Labs and a commitment to invest >€1 billion to build a European “frontier AI” lab focused on tabular foundation models — strengthens SAP’s edge in structured, enterprise data AI. SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe
• Positive Sentiment: Agreed to acquire Dremio, a high‑performance data lakehouse platform to unify SAP and non‑SAP data for real‑time analytics and “agentic” AI — fills a key infrastructure gap for enterprise AI use cases. SAP to Acquire Dremio to Unify SAP and Non‑SAP Data to Power Agentic AI
• Positive Sentiment: Market commentary highlights these deals as a deliberate data‑moat strategy (tabular models + lakehouse) funded by solid Q1 cash flow and earnings — a risk‑weighted way to pursue AI leadership that may improve long‑term revenue mix. SAP bets $1.16B on 18-month-old German AI lab and says yes to NemoClaw
• Neutral Sentiment: SuccessFactors product update adds stricter ATS rules and new HR tools — incremental product enhancements that may aid customer retention but unlikely to move revenue materially on their own. SAP SuccessFactors update brings stricter ATS rules and new HR tools
• Neutral Sentiment: Partner ecosystem activity: UST acquired Taciti (an SAP Silver Partner), broadening transformation delivery capacity — supportive for deal execution but not a direct revenue catalyst. UST Increases SAP Transformation Portfolio with Acquisition of Taciti
• Neutral Sentiment: SAP executives are publicly emphasizing data integrity as central to AI success — useful messaging for enterprise customers wrestling with governance and compliance. SAP’s Tahera Zamanzada on data integrity for AI success
• Negative Sentiment: New API policy that restricts third‑party AI access has drawn criticism from user groups (DSAG) — potential customer friction and developer pushback could slow adoption of SAP’s new AI stack in the near term. SAP’s new API policy restricts AI access, draws customer criticism
• Negative Sentiment: Reports that SAP is moving to block unauthorized AI agents (e.g., “OpenClaw”) reflect a tighter, walled‑garden approach — this may placate regulators but risks alienating some customers and third‑party developers. SAP Moves to Block OpenClaw and Other Unauthorized AI Agents

SAP Profile

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.

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