ServiceNow, Inc. (NYSE:NOW) Position Boosted by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,840 shares of the information technology services provider's stock after purchasing an additional 32,961 shares during the quarter. Natixis Advisors LLC owned approximately 0.15% of ServiceNow worth $269,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Financial Partners LLC raised its stake in ServiceNow by 1.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock worth $1,025,000 after buying an additional 11 shares during the last quarter. First Affirmative Financial Network raised its holdings in shares of ServiceNow by 1.4% in the 3rd quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock worth $801,000 after acquiring an additional 12 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in ServiceNow by 14.6% during the third quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock worth $84,000 after buying an additional 12 shares in the last quarter. BluePointe Capital Management LLC raised its holdings in shares of ServiceNow by 0.6% in the third quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock valued at $1,801,000 after purchasing an additional 12 shares during the last quarter. Finally, Morling Financial Advisors LLC lifted its position in shares of ServiceNow by 2.5% during the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock worth $415,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 66 shares of ServiceNow stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total value of $69,187.14. Following the completion of the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,173,173.83. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the transaction, the director now owns 42,920 shares of the company's stock, valued at approximately $43,740,630.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,325 shares of company stock valued at $5,024,928. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial increased their price objective on ServiceNow from $780.00 to $900.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Oppenheimer increased their price objective on ServiceNow from $825.00 to $1,020.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. StockNews.com raised shares of ServiceNow from a "hold" rating to a "buy" rating in a report on Tuesday. Canaccord Genuity Group upped their target price on ServiceNow from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on ServiceNow from $980.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $974.04.

ServiceNow Trading Down 2.7 %

ServiceNow stock traded down $28.41 during trading on Friday, hitting $1,011.39. The company's stock had a trading volume of 1,498,472 shares, compared to its average volume of 1,281,121. The stock's fifty day moving average is $932.47 and its 200 day moving average is $823.24. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,061.66. The stock has a market capitalization of $208.35 billion, a price-to-earnings ratio of 157.29, a P/E/G ratio of 6.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

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

About ServiceNow

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.