ServiceNow, Inc. (NYSE:NOW) Holdings Lifted by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc raised its position in ServiceNow, Inc. (NYSE:NOW) by 13.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 88,991 shares of the information technology services provider’s stock after acquiring an additional 10,852 shares during the quarter. ServiceNow accounts for about 1.2% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 15th biggest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in ServiceNow were worth $94,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of ServiceNow by 9.4% in the second quarter. AQR Capital Management LLC now owns 156,227 shares of the information technology services provider’s stock valued at $121,369,000 after acquiring an additional 13,367 shares in the last quarter. APG Asset Management N.V. increased its position in shares of ServiceNow by 3.0% during the 2nd quarter. APG Asset Management N.V. now owns 156,223 shares of the information technology services provider’s stock valued at $114,668,000 after purchasing an additional 4,597 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of ServiceNow by 27.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 563 shares of the information technology services provider’s stock worth $443,000 after buying an additional 121 shares in the last quarter. MBB Public Markets I LLC lifted its holdings in shares of ServiceNow by 2,025.9% in the second quarter. MBB Public Markets I LLC now owns 14,520 shares of the information technology services provider’s stock valued at $11,422,000 after buying an additional 13,837 shares during the period. Finally, Maverick Capital Ltd. boosted its stake in ServiceNow by 88.8% during the second quarter. Maverick Capital Ltd. now owns 638 shares of the information technology services provider’s stock valued at $502,000 after buying an additional 300 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 76 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,060,115.38. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Tzitzon sold 313 shares of ServiceNow stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total value of $333,219.80. Following the sale, the insider now directly owns 3,649 shares in the company, valued at approximately $3,884,725.40. This trade represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,731 shares of company stock valued at $21,016,751 in the last quarter. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOW. Morgan Stanley cut shares of ServiceNow from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $900.00 to $960.00 in a research report on Monday, October 21st. KeyCorp downgraded shares of ServiceNow from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Evercore ISI increased their price objective on ServiceNow from $950.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. StockNews.com raised shares of ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Canaccord Genuity Group increased their target price on ServiceNow from $1,000.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,093.34.

ServiceNow Stock Down 0.8 %

Shares of ServiceNow stock opened at $1,124.64 on Friday. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,157.90. The stock has a market capitalization of $231.68 billion, a P/E ratio of 174.91, a PEG ratio of 5.11 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $1,077.07 and a two-hundred day moving average price of $942.47.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.26. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. Equities analysts expect that ServiceNow, Inc. will post 7.06 earnings per share for the current year.

ServiceNow Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.