ServiceNow, Inc. (NYSE:NOW) Shares Bought by Ascent Group LLC

Ascent Group LLC grew its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 404.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,906 shares of the information technology services provider's stock after buying an additional 1,528 shares during the period. Ascent Group LLC's holdings in ServiceNow were worth $1,705,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NOW. Versant Capital Management Inc boosted its holdings in shares of ServiceNow by 466.7% during the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 28 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of ServiceNow by 4.2% during the 2nd quarter. Park Avenue Securities LLC now owns 10,133 shares of the information technology services provider's stock valued at $7,971,000 after acquiring an additional 413 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in shares of ServiceNow during the 2nd quarter worth about $258,000. Cullinan Associates Inc. boosted its position in shares of ServiceNow by 90.9% in the second quarter. Cullinan Associates Inc. now owns 2,100 shares of the information technology services provider's stock worth $1,652,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in ServiceNow by 106.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 4,029 shares of the information technology services provider's stock valued at $3,169,000 after purchasing an additional 2,079 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Robert W. Baird boosted their price target on ServiceNow from $900.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Citigroup raised their price objective on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a "buy" rating in a report on Friday, October 25th. KeyCorp raised their price target on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein boosted their price objective on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus price target of $999.07.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $5.60 on Tuesday, reaching $1,042.83. 351,521 shares of the company's stock were exchanged, compared to its average volume of 1,275,954. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,072.84. The business's 50-day moving average is $963.10 and its two-hundred day moving average is $847.50. 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 firm has a market capitalization of $214.82 billion, a price-to-earnings ratio of 163.05, a PEG ratio of 6.02 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating analysts' consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. ServiceNow's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, equities research analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current year.

Insider Buying and Selling at ServiceNow

In related news, insider Nicholas Tzitzon sold 313 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total value of $333,219.80. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at $3,884,725.40. This represents a 7.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 2,229 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the sale, the director now owns 11,000 shares in the company, valued at $11,710,600. This trade represents a 16.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,329 shares of company stock worth $20,547,241. 0.25% of the stock is owned by insiders.

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.