Eagle Capital Management Adds $608M in SAP SE ($SAP)

Eagle Capital Management significantly boosted its holdings in SAP SE, adding 3.7 million shares.

Written by Opentrades · Published Jun 12, 2026, 9:28 PM EDT

Key Points

Eagle Capital Management increased its stake in SAP SE by 89%, adding 3.7 million shares to hold a total of 7.8 million shares, valued at $1.29 billion.
SAP SE shares traded at $164.18 with a market cap of $193.6 billion, a P/E ratio of 22.87, and a 52-week range of $158.58 to $313.28.
Analysts from Barclays and BMO Capital maintained 'buy' ratings on SAP SE, with price targets ranging from $200 to $257.

Eagle Capital Management has significantly increased its stake in SAP SE (NYSE:SAP), as per its latest filing with the SEC. The fund added 3,705,173 shares, boosting its total to 7,848,603 shares. This represents an 89% increase, with the holdings valued at approximately $1.29 billion as of the filing date.

What Changed in Eagle Capital Management's SAP SE Position

Eagle Capital Management made a substantial move by adding 3,705,173 shares of SAP SE, increasing its total holdings to 7,848,603 shares. This change marks an 89% increase from its previous 4,143,430 shares, reflecting a notable vote of confidence in the company.

Other Institutional Activity in SAP SE

Several other institutional investors have also adjusted their positions in SAP SE. Fisher Asset Management, LLC reduced its holdings by 194,440 shares, ending with 14,534,441 shares valued at about $2.49 billion. FMR LLC trimmed its stake by 209,633 shares, holding 6,581,080 shares worth approximately $1.13 billion. Meanwhile, Capital International Investors added 1,425,076 shares, bringing their total to 5,011,856 shares, valued at $854.4 million. D. E. Shaw & Co., Inc. also increased its position significantly, adding 1,955,594 shares to hold 4,256,672 shares, valued at $728.8 million.

SAP SE Stock Snapshot

Shares of SAP SE (NYSE:SAP) traded around $164.18. The company boasts a market cap of about $193.6 billion, with a P/E ratio of 22.87 and a forward P/E of 16.68. Its beta is 0.727, indicating lower volatility compared to the market. The stock's 52-week range is between $158.58 and $313.28, with a 50-day moving average of $173.96 and a 200-day moving average of $221.22.

Recent Earnings

SAP SE reported revenue of $37.34 billion, with a revenue growth rate of 6%. The company's net margin stands at 19.58%, and its return on equity is 16.35%. SAP's next earnings report is expected on July 23, 2026.

Dividend

SAP SE offers a dividend rate of $2.93 per share, yielding 1.79%. The dividend payout ratio is 37.15%, indicating a sustainable dividend policy.

Analysts Set New Price Targets

Analyst firms Barclays and BMO Capital maintained their 'buy' ratings on SAP SE. On April 27, 2026, Barclays set a price target of $257, while BMO Capital set a target of $200 on April 24, 2026. The consensus among 12 analysts is a 'buy' rating, with a mean price target of $256.

About SAP SE

SAP SE, headquartered in Walldorf, Germany, is a leading provider of enterprise application and business solutions globally. Under the leadership of CEO Christian Klein, SAP offers a wide range of software products and services, including SAP Business AI, SAP S/4HANA, and SAP SuccessFactors, among others. The company employs over 111,000 people and focuses on digitalizing business processes across various industries.

Bottom Line

Eagle Capital Management's significant increase in its SAP SE holdings highlights its confidence in the company's prospects. Investors closely watch such moves as they provide insight into institutional sentiment. However, it's important to remember that 13F filings are historical snapshots and may not reflect current positions.