APG Asset Management N.V. Has $205.90 Million Stock Position in ServiceNow, Inc. (NYSE:NOW)

APG Asset Management N.V. grew its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 680.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,113 shares of the information technology services provider's stock after buying an additional 175,334 shares during the period. APG Asset Management N.V. owned about 0.10% of ServiceNow worth $205,895,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $28,000. LFA Lugano Financial Advisors SA bought a new stake in ServiceNow in the fourth quarter valued at $32,000. FPC Investment Advisory Inc. boosted its holdings in shares of ServiceNow by 725.0% during the fourth quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 29 shares during the period. Noble Wealth Management PBC bought a new position in shares of ServiceNow during the fourth quarter worth about $34,000. Finally, Heck Capital Advisors LLC bought a new stake in ServiceNow in the 4th quarter valued at about $37,000. 87.18% of the stock is currently owned by institutional investors.

Insider Transactions at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 4,442 shares of ServiceNow stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $964.70, for a total value of $4,285,197.40. Following the transaction, the chief financial officer now directly owns 11,126 shares of the company's stock, valued at $10,733,252.20. The trade was a 28.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 292 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,017.55, for a total value of $297,124.60. Following the completion of the sale, the insider now directly owns 3,027 shares of the company's stock, valued at $3,080,123.85. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,351 shares of company stock worth $20,050,076. 0.25% of the stock is owned by insiders.

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ServiceNow Stock Up 0.3 %

Shares of NYSE:NOW traded up $2.29 on Friday, reaching $785.78. The company had a trading volume of 2,102,410 shares, compared to its average volume of 1,464,960. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $162.66 billion, a P/E ratio of 115.05, a P/E/G ratio of 4.51 and a beta of 1.08. The stock has a 50-day moving average price of $875.51 and a 200 day moving average price of $973.27. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share for the quarter, hitting the consensus estimate of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. On average, equities analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow announced that its board has initiated a stock repurchase program on Wednesday, January 29th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Guggenheim reaffirmed a "sell" rating and set a $716.00 price target on shares of ServiceNow in a report on Wednesday, January 22nd. Royal Bank of Canada set a $986.00 price objective on shares of ServiceNow in a research note on Tuesday, March 11th. BMO Capital Markets decreased their target price on shares of ServiceNow from $1,185.00 to $990.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Needham & Company LLC increased their price objective on shares of ServiceNow from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Truist Financial dropped their price objective on ServiceNow from $1,100.00 to $950.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,073.93.

ServiceNow Company 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.