AstraZeneca Moves Its ERP to SAP Cloud as Buyback Nears 9.6 Million Shares
Published on 11/10/2026 at 18:30 | Editorial boerse-global.de
SAP's share buyback has now reached roughly 9.6 million shares, the Walldorf-based software group reported, after it disclosed the repurchase of about 465,000 of its own stock via XETRA covering the trading days from 2 to 6 November. That disclosure follows an earlier notification on 3 November, when SAP confirmed it had acquired 50,000 shares over XETRA between 26 and 30 October, a tranche valued at approximately EUR 10.6 million. Both batches fall under the company's ongoing buyback programme.
AstraZeneca Signs Up for RISE with SAP
Alongside the buyback updates, SAP unveiled a significant cloud win: AstraZeneca is migrating to SAP Cloud ERP Private under the RISE with SAP framework. The shift covers the pharmaceutical group's existing SAP ERP landscape and extends a partnership that has run for 20 years.
The vendor also confirmed that Cohere North became generally available on the SAP Business AI Platform on 3 November. The platform is designed to let customers run AI agents and automate workflows within their own infrastructure. That same decision made SAP's commitments on maintenance and support for on-premises ERP software legally binding for a decade — a pledge explicitly covering that segment of its business software portfolio.
Should investors sell immediately? Or is it worth buying SAP?
NTT Pact and TechEd Reveals Round Out the Week
On the partnership front, SAP and NTT announced on 28 October their intention to collaborate on SAP Sovereign Cloud and SAP Business AI. Under the plan, sovereign cloud capabilities from SAP would be paired with infrastructure operated by NTT, which would contribute infrastructure, integrated operational services and AI expertise. The two companies framed the arrangement as a planned cooperation rather than a completed rollout.
A day earlier, at SAP TechEd on 27 October, the group had presented AI enhancements for Joule Work, Joule Studio and the SAP Business AI Platform, including tools for orchestrating AI agents, AI governance features and new models for tabular data.
JPMorgan Turns Bullish on AI Payoff
Those advances in SAP's own AI line-up featured among the reasons JPMorgan analyst Toby Ogg gave for a more favourable view of the stock, according to dpa-AFX. He also pointed to enterprise AI shifting out of the pilot phase and into productive use, along with an anticipated rapid payback. JPMorgan upgraded SAP from "Neutral" to "Overweight" and lifted its price target from EUR 175 to EUR 275. That upgrade was the immediate trigger for yesterday's positive share price reaction, and the stock was up 1.0% in pre-market trading today.
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SAP Stock: New Analysis - 10 November
Fresh SAP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
