Banque Cantonale Vaudoise Has $11 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Banque Cantonale Vaudoise boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,295 shares of the information technology services provider's stock after buying an additional 2,392 shares during the quarter. Banque Cantonale Vaudoise's holdings in ServiceNow were worth $10,996,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Creekmur Asset Management LLC acquired a new stake in shares of ServiceNow during the first quarter worth $25,000. Versant Capital Management Inc grew its holdings in ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider's stock valued at $27,000 after buying an additional 28 shares during the period. EntryPoint Capital LLC increased its stake in shares of ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 39 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of ServiceNow during the 2nd quarter worth $32,000. Finally, DT Investment Partners LLC lifted its stake in shares of ServiceNow by 77.3% in the 3rd quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Up 1.7 %

NYSE NOW traded up $16.76 during trading on Tuesday, reaching $1,022.10. 1,816,433 shares of the company's stock were exchanged, compared to its average volume of 1,285,622. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66. The company's fifty day simple moving average is $935.45 and its 200-day simple moving average is $827.30. The firm has a market capitalization of $210.55 billion, a PE ratio of 156.35, a P/E/G ratio of 5.80 and a beta of 0.98.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share 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 firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the business earned $1.21 EPS. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. Sell-side analysts predict 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 1,857 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares of the company's stock, valued at approximately $3,027,502.32. This trade represents a 33.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline P. Canney sold 66 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly owns 3,027 shares of the company's stock, valued at $3,173,173.83. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,231 shares of company stock worth $4,947,292 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on NOW shares. 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. Citigroup upped their price target on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. 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 report on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of ServiceNow from $900.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their price target on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and an average target price of $986.39.

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.