Treasury stake tops 5% as buyback focus builds into next week
FRANKFURT, Feb 7, 2026, 22:33 CET — The market’s done for the day.
SAP SE closed out Friday at 171.22 euros on Xetra, ticking up 0.43%. The move came as investors responded to news that the software company’s treasury stock had crossed the 5% threshold. 1
European markets are closed for the weekend, so the real takeaway from the filing isn’t about technical changes—it’s the message it sends on supply and demand once trading gets going again Monday. Treasury shares, which are stock held by the company itself, take shares out of circulation as that stash gets bigger.
SAP shares have struggled to stabilize since slipping in late January, after the company’s outlook on cloud growth disappointed investors….
