Westwind Capital Acquires 6,798 Shares of ServiceNow, Inc. (NYSE:NOW)

Westwind Capital lifted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,131 shares of the information technology services provider's stock after acquiring an additional 6,798 shares during the period. ServiceNow makes up approximately 5.3% of Westwind Capital's portfolio, making the stock its 7th largest position. Westwind Capital's holdings in ServiceNow were worth $24,522,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NOW. World Investment Advisors LLC boosted its stake in shares of ServiceNow by 499,668.1% during the 3rd quarter. World Investment Advisors LLC now owns 4,772,785 shares of the information technology services provider's stock worth $4,268,731,000 after acquiring an additional 4,771,830 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of ServiceNow by 89,137.0% during the third quarter. International Assets Investment Management LLC now owns 1,185,067 shares of the information technology services provider's stock valued at $1,059,912,000 after buying an additional 1,183,739 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of ServiceNow by 216.6% in the third quarter. Bank of Montreal Can now owns 1,367,875 shares of the information technology services provider's stock worth $1,206,178,000 after buying an additional 935,848 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of ServiceNow by 24.1% during the third quarter. Wellington Management Group LLP now owns 3,169,531 shares of the information technology services provider's stock worth $2,834,797,000 after acquiring an additional 615,797 shares during the last quarter. Finally, FMR LLC grew its stake in ServiceNow by 9.9% during the third quarter. FMR LLC now owns 5,606,394 shares of the information technology services provider's stock valued at $5,014,302,000 after acquiring an additional 502,845 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now owns 3,027 shares of the company's stock, valued at approximately $2,799,853.92. This represents a 10.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,629 shares of company stock valued at $20,861,626. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NOW. Evercore ISI increased their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Sanford C. Bernstein raised their price target on ServiceNow from $906.00 to $913.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Mizuho upped their price objective on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Raymond James began coverage on shares of ServiceNow in a report on Tuesday, December 24th. They issued an "outperform" rating and a $1,200.00 target price for the company. Finally, UBS Group upped their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and an average target price of $1,061.04.

ServiceNow Stock Down 2.2 %

Shares of NOW stock traded down $24.23 on Tuesday, hitting $1,052.82. The stock had a trading volume of 1,132,831 shares, compared to its average volume of 977,756. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,157.90. The business has a 50 day moving average price of $1,056.15 and a 200 day moving average price of $915.86. The company has a market cap of $216.88 billion, a PE ratio of 163.74, a P/E/G ratio of 6.43 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.

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