ServiceNow Inc (NOW) Holdings Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its holdings in ServiceNow Inc (NYSE:NOW) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,944 shares of the information technology services provider’s stock after purchasing an additional 1,528 shares during the quarter. Parametric Portfolio Associates LLC owned 0.08% of ServiceNow worth $15,977,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank boosted its stake in ServiceNow by 3.1% during the second quarter. Swiss National Bank now owns 606,600 shares of the information technology services provider’s stock worth $64,300,000 after buying an additional 18,200 shares during the period. Investec Asset Management LTD boosted its stake in ServiceNow by 42.9% during the third quarter. Investec Asset Management LTD now owns 66,635 shares of the information technology services provider’s stock worth $7,832,000 after buying an additional 20,014 shares during the period. Jasper Ridge Partners L.P. purchased a new position in ServiceNow during the third quarter worth $1,525,000. Rockefeller Financial Services Inc. bought a new stake in shares of ServiceNow during the third quarter worth $138,000. Finally, British Airways Pensions Investment Management Ltd lifted its position in shares of ServiceNow by 84.5% during the third quarter. British Airways Pensions Investment Management Ltd now owns 218,243 shares of the information technology services provider’s stock worth $25,643,000 after purchasing an additional 99,938 shares during the last quarter.

In related news, CRO David Schneider sold 16,349 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the completion of the sale, the executive now directly owns 67,185 shares in the company, valued at $8,345,048.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederic B. Luddy sold 170,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $129.43, for a total value of $22,003,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 830,174 shares of company stock valued at $102,954,150 in the last quarter. Insiders own 3.30% of the company’s stock.

A number of brokerages have recently weighed in on NOW. Cowen restated a “buy” rating and set a $160.00 price target on shares of ServiceNow in a research note on Monday, December 11th. JPMorgan Chase & Co. lowered ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a research report on Tuesday, December 12th. UBS Group upped their target price on ServiceNow from $128.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a research report on Monday, November 6th. Finally, Zacks Investment Research downgraded ServiceNow from a “hold” rating to a “sell” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-eight have issued a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $132.17.

ServiceNow Inc (NOW) opened at $130.39 on Friday. ServiceNow Inc has a fifty-two week low of $73.66 and a fifty-two week high of $131.26. The stock has a market capitalization of $22,260.00, a P/E ratio of -143.29 and a beta of 1.07. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $498.20 million during the quarter, compared to analyst estimates of $491.62 million. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. analysts anticipate that ServiceNow Inc will post -0.35 earnings per share for the current fiscal year.

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About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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