Burkett Asset Management Ltd Invests $2.68 Million in SAP SE $SAP

Burkett Asset Management Ltd bought a new stake in shares of SAP SE (NYSE:SAP) in the 4th quarter, Holdings Channel.com reports. The firm bought 11,023 shares of the software maker’s stock, valued at approximately $2,678,000. SAP makes up 2.7% of Burkett Asset Management Ltd’s holdings, making the stock its 13th biggest position.

Several other large investors also recently added to or reduced their stakes in the business. Sepio Capital LP bought a new stake in SAP during the fourth quarter valued at approximately $277,000. Xponance LLC grew its position in SAP by 11.8% during the fourth quarter. Xponance LLC now owns 2,030 shares of the software maker’s stock valued at $493,000 after buying an additional 214 shares during the period. TCTC Holdings LLC bought a new stake in SAP during the fourth quarter valued at approximately $865,000. Lyell Wealth Management LP bought a new stake in SAP during the fourth quarter valued at approximately $264,000. Finally, Primecap Management Co. CA bought a new stake in SAP during the fourth quarter valued at approximately $2,672,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. Barclays boosted their target price on shares of SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Zacks Research lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings lowered shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Finally, TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.40.

Key SAP News

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP and Deloitte launched an AI-led delivery center in Bengaluru that could add up to 500 AI specialists, reinforcing SAP’s push into enterprise AI and expanding its India talent base. Deloitte-SAP launch Bengaluru hub, to add up to 500 AI specialists
• Positive Sentiment: SAP is highlighting India as a major future AI market, with CEO Christian Klein saying the country could become a frontrunner in applying AI in industry, which supports the company’s long-term growth narrative there. SAP CEO Christian Klein says India a future AI frontrunner
• Positive Sentiment: SAP released patches for multiple critical vulnerabilities, which may help reduce security risk for customers and protect enterprise confidence in its software platform. Ivanti, Fortinet, and SAP Release Patches for Multiple Critical Vulnerabilities
• Neutral Sentiment: SAP’s presentation at the Bank of America Global Research C-Suite TMT Conference likely offered updates on strategy and operations, but no major new catalyst was evident from the transcript headline alone. SAP SE (SAP) Presents at Bank of America Global Research C-Suite TMT Conference Transcript
• Negative Sentiment: SAP shares weakened after Oracle unveiled aggressive AI investment plans, stoking concerns that a rival could spend heavily to compete more directly in enterprise software and AI. SAP shares retreat after Oracle unveils aggressive AI investment plans (SAP)
• Negative Sentiment: Goldman Sachs reportedly lowered its gross margin forecast for SAP, citing rising hardware costs, which could pressure profitability expectations. SAP falls as Goldman lowers gross margin forecast on rising hardware costs
• Negative Sentiment: Separately, SAP’s stock was also hit by the broader software-sector reaction to Oracle’s spending surge, with investors interpreting the higher AI capex environment as a potential threat to margins and competition. SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

SAP Stock Performance

SAP opened at $163.59 on Friday. The firm has a market cap of $200.97 billion, a P/E ratio of 22.11, a PEG ratio of 1.90 and a beta of 1.12. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28. The company has a 50 day simple moving average of $174.11 and a two-hundred day simple moving average of $202.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last posted its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business 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 forecast that SAP SE will post 8.39 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $2.9291 dividend. The ex-dividend date was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. This represents a dividend yield of 170.0%. SAP’s dividend payout ratio (DPR) is currently 28.92%.

SAP Company 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.