PNC Financial Services Group Inc. Has $22.77 Million Position in SAP SE $SAP

PNC Financial Services Group Inc. increased its holdings in shares of SAP SE (NYSE:SAP) by 41.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,988 shares of the software maker’s stock after purchasing an additional 39,057 shares during the period. PNC Financial Services Group Inc.’s holdings in SAP were worth $22,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SAP. Windacre Partnership LLC raised its holdings in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after buying an additional 1,336,325 shares during the period. 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 worth $805,992,000 after acquiring an additional 973,779 shares in 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 worth $225,102,000 after acquiring an additional 773,720 shares in the last quarter. M&T Bank Corp raised its holdings in shares of SAP by 1,582.7% during the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock worth $198,529,000 after acquiring an additional 768,725 shares during the period. Finally, Norges Bank acquired a new stake in shares of SAP during the fourth quarter worth $81,784,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAP shares. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Santander raised SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Barclays reduced their price objective on SAP from $257.00 to $255.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 target price on shares of SAP in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $267.00.

SAP News Roundup

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP delivered solid Q2 results, with total revenue up about 9% year over year, cloud revenue up more than 20%, and current cloud backlog rising sharply, reinforcing confidence in the company’s long-term growth engine. SAP Quarterly Statement Q2 2026
• Positive Sentiment: Management said SAP’s AI strategy and cloud momentum are supporting demand, with analysts and media reports noting that strong backlog growth helped offset concerns that AI could disrupt enterprise software. SAP Q2 Earnings Up Y/Y on Cloud Demand, Buyouts Impact Profit Outlook
• Positive Sentiment: BMO Capital Markets raised its price target on SAP and kept an outperform rating, suggesting Wall Street still sees upside after the earnings release. Benzinga / The Fly report
• Neutral Sentiment: Several reports highlighted SAP’s message that AI must move beyond basic chatbots and into more complex enterprise workflows before it creates meaningful returns, underscoring both opportunity and execution risk. Reuters SAP CFO AI comments
• Negative Sentiment: SAP lowered its 2026 operating profit outlook because AI acquisitions and related spending are weighing on earnings, which may cap near-term margin expansion even as revenue trends improve. SAP Cuts 2026 Operating Profit Outlook
• Negative Sentiment: Investors are also weighing the earnings miss versus expectations, as SAP’s quarterly EPS came in below consensus despite the strong cloud performance. SAP quarterly earnings report

SAP Stock Performance

SAP opened at $159.97 on Friday. The business’s 50-day simple moving average is $165.59 and its 200 day simple moving average is $184.44. SAP SE has a 52-week low of $144.97 and a 52-week high of $299.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $196.52 billion, a PE ratio of 20.10, a PEG ratio of 1.68 and a beta of 1.14.

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 firm had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.16% and a net margin of 20.88%. As a group, sell-side analysts expect that SAP SE will post 8.28 earnings per share for the current fiscal 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.