ServiceNow Inc (NYSE:NOW) Holdings Lifted by Darwin Advisors LLC

Darwin Advisors LLC grew its stake in shares of ServiceNow Inc (NYSE:NOW) by 566.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,083 shares of the information technology services provider’s stock after acquiring an additional 6,020 shares during the quarter. Darwin Advisors LLC’s holdings in ServiceNow were worth $3,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mint Tower Capital Management B.V. purchased a new stake in shares of ServiceNow during the second quarter valued at $119,153,000. Vanguard Group Inc. lifted its holdings in shares of ServiceNow by 1.1% during the second quarter. Vanguard Group Inc. now owns 15,633,958 shares of the information technology services provider’s stock valued at $6,332,691,000 after purchasing an additional 164,302 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of ServiceNow by 31.2% during the first quarter. Capital Research Global Investors now owns 5,013,893 shares of the information technology services provider’s stock valued at $1,436,881,000 after purchasing an additional 1,190,890 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in shares of ServiceNow by 0.9% during the second quarter. Jackson Square Partners LLC now owns 1,478,869 shares of the information technology services provider’s stock valued at $599,030,000 after purchasing an additional 13,628 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ServiceNow by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 899,207 shares of the information technology services provider’s stock valued at $364,233,000 after purchasing an additional 10,722 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on NOW shares. Mizuho increased their price objective on ServiceNow from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley increased their price objective on ServiceNow from $336.00 to $467.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus increased their price objective on ServiceNow from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Royal Bank of Canada increased their price objective on ServiceNow from $510.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Finally, Canaccord Genuity increased their price objective on ServiceNow from $375.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $465.42.

In related news, Director Frederic B. Luddy sold 28,600 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $436.48, for a total transaction of $12,483,328.00. Following the completion of the transaction, the director now directly owns 811 shares in the company, valued at approximately $353,985.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chirantan Jitendra Desai sold 1,559 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $430.44, for a total transaction of $671,055.96. Following the transaction, the insider now owns 994 shares of the company’s stock, valued at $427,857.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,187 shares of company stock valued at $33,294,276. 1.00% of the stock is owned by insiders.

NYSE NOW opened at $524.87 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $477.78 and a 200 day simple moving average of $405.20. The company has a market cap of $100.67 billion, a P/E ratio of 142.63, a P/E/G ratio of 17.81 and a beta of 1.27. ServiceNow Inc has a 1 year low of $213.99 and a 1 year high of $530.73.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $1.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. ServiceNow had a net margin of 18.42% and a return on equity of 11.09%. ServiceNow’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. Equities research analysts forecast that ServiceNow Inc will post 0.99 EPS for the current fiscal year.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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