SAP (NYSE:SAP) Hits New 1-Year Low – Here’s Why

SAP SE (NYSE:SAP)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $199.29 and last traded at $198.8570, with a volume of 1523923 shares changing hands. The stock had previously closed at $236.11.

Key Headlines Impacting SAP

Here are the key news stories impacting SAP this week:

• Positive Sentiment: SAP announced a new share repurchase program of up to €10 billion, which supports capital return and offsets some downward pressure. SAP Quarterly Statement Q4 2025
• Positive Sentiment: Q4 results beat on EPS and met revenue expectations; non‑IFRS metrics and cloud revenue showed year‑over‑year gains, indicating underlying profitability and demand. SAP Q4 results (MarketBeat)
• Neutral Sentiment: SAP reported strong cloud bookings and a record backlog in absolute terms, but the market is focused on growth rates and composition rather than headline backlog size. That nuance left investors uncertain. SAP cloud bookings jump 30% (Investing.com)
• Negative Sentiment: The primary catalyst for the selloff was a slower‑than‑expected increase in the cloud contract backlog and conservative 2026 commentary — investors punished the stock with its largest one‑day drop since 2020. What Went Wrong With SAP Stock? (Forbes)
• Negative Sentiment: Sector peers’ results (and AI‑era competition) amplified fears that AI incumbents and niche cloud players could pressure SAP’s growth, contributing to broader software stock weakness. US software stocks slide after SAP, ServiceNow results (Reuters)
• Negative Sentiment: Negative headlines compounded the sentiment: Siemens briefly overtook SAP as Germany’s most valuable company after the selloff, and SAP faced an analyst downgrade — visible signals of waning investor confidence. Siemens overtakes SAP (Seeking Alpha)
• Negative Sentiment: Management dismissed three executives over alleged stolen trade secrets, adding governance/legal uncertainty to near‑term headlines. Stolen trade secrets / executive dismissals (Heise)

Analyst Ratings Changes

A number of research firms have recently weighed in on SAP. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. KeyCorp reiterated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Friday. BMO Capital Markets restated an “outperform” rating on shares of SAP in a research note on Friday. Finally, Wall Street Zen upgraded SAP from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $322.00.

SAP Price Performance

The firm’s fifty day simple moving average is $239.43 and its 200 day simple moving average is $260.24. The firm has a market cap of $247.04 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11.

Hedge Funds Weigh In On SAP

Several institutional investors have recently added to or reduced their stakes in SAP. Windacre Partnership LLC grew its holdings in shares of SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Fisher Asset Management LLC lifted its position in SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after purchasing an additional 1,163,616 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of SAP by 1,126.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after buying an additional 773,720 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after buying an additional 768,725 shares in the last quarter.

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.