Frank, Rimerman Advisors 13F: Adds $515K to SAP Stake

Frank, Rimerman Advisors boosted its investment in SAP SE (NYSE: SAP), according to a Form 13F filing disclosed with the SEC on October 16, 2026. The filing covers portfolio adjustments made during the quarter.

SAP Sap Se

$224.29 ▼ -3.68% year to date

1M 3M YTD

Daily close · Oct 16, 2026

What Changed in Frank, Rimerman Advisors's SAP Position

The firm grew its holdings by 2,472 shares, representing a 29.2% increase over the previous period. That brought its total ownership to 10,952 shares. The reported value of the stake reached $2,283,273 by the end of the reporting window.

Other Institutional Activity in SAP

Other large funds also adjusted their positions in the enterprise software developer around these periods. Fisher Asset Management, LLC grew its holdings by 396,796 shares, ending with 14,931,460 shares worth about $3,374,957,885. Eagle Capital Management LLC grew its holdings by 791,932 shares, ending with 8,640,615 shares worth about $1,953,038,197. Capital International Investors grew its holdings by 669,581 shares, ending with 5,681,413 shares worth about $1,284,169,773. Windacre Partnership LLC grew its holdings by 1,637,135 shares, ending with 4,399,300 shares worth about $994,373,773. Euro Pacific Asset Management opened a new position with 8,748 shares worth about $1,933,948.

Sap Se Stock Up 0.8%

SAP SE shares closed at $224.29 on the filing date of October 16, 2026, and recently traded at $226.01 as of October 20, 2026. The stock sits below its 52-week high of $281.37 while maintaining a solid gap above its 200-day moving average of $192.16.

Recent Earnings

SAP SE generated trailing twelve-month revenues of $38.19 billion alongside an EPS of $7.79. The company posted a net profit margin of 20.4% and an 18.3% return on equity. Investors are tracking the next earnings announcement scheduled for October 21, 2026.

Dividend

The business provides a dividend yielding 1.3% with a payout ratio of 37.7%.

Analysts Set New Price Targets

Research firms updated their views on SAP ahead of its financial update. On July 24, 2026, BMO Capital maintained an outperform rating and raised its target from $175.0 to $177.0. On July 27, 2026, Barclays maintained an overweight rating while adjusting its target from $255.0 to $242.0. UBS downgraded the stock to neutral on August 26, 2026. BMO Capital later maintained an outperform rating on October 8, 2026, and raised its target to $235.0. Barclays also maintained an overweight rating on October 13, 2026, nudging its target from $242.0 to $243.0. Across the broader analyst community, the stock carries a consensus buy recommendation and a mean price target of $261.17 based on 12 opinions.

About SAP SE

Headquartered in Walldorf, Germany, SAP SE builds enterprise application software and business solutions that help organizations manage operations, supply chains, and customer relations worldwide. The firm employs over 112,000 people and serves clients across diverse industries.

Bottom Line

Institutional interest in the software giant remains steady as market participants look forward to the upcoming earnings report on October 21, 2026. Filings show diverse portfolio adjustments across major asset managers.