SAP (SAP)

• Market cap: $324B
• 1 day: 2.04%
• 5 days: -0.19%
• 1 month: 12.57%
• 3 months: 19.45%
• 6 months: 39.73%
• Year to date: 14.39%
• 1 year: 57.09%
• 5 years: 105.28%
• 10 years: 312.69%

About: Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.

Employees: 107,602

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

118% more first-time investments, than exits

New positions opened: 107 | Existing positions closed: 49

7% more capital invested

Capital invested by funds: $14.9B [Q2] → $15.9B (+$989M) [Q3]

7% more funds holding

Funds holding: 731 [Q2] → 779 (+48) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 15 [Q2] → 15 (+0) [Q3]

0.36% less ownership

Funds ownership: 6.01% [Q2] → 5.65% (-0.36%) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 266 | Existing positions reduced: 281

64% less call options, than puts

Call options by funds: $82.5M | Put options by funds: $232M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 86% downside
• Avg. target: $240 14% downside
• High target: $330 19% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Irene Nattel 67% 1-year accuracy 2 / 3 met price target	86% downside $38	Outperform Reiterated	30 Jan 2025
Barclays Raimo Lenschow 59% 1-year accuracy 48 / 82 met price target	3% upside $286	Overweight Maintained	30 Jan 2025
BMO Capital Keith Bachman 75% 1-year accuracy 40 / 53 met price target	10% upside $307	Outperform Maintained	29 Jan 2025
JMP Securities Patrick Walravens 70% 1-year accuracy 76 / 109 met price target	19% upside $330	Market Outperform Maintained	29 Jan 2025