Swiss Life Asset Management Ltd Has $76.72 Million Stock Holdings in ServiceNow, Inc. $NOW

Swiss Life Asset Management Ltd increased its position in ServiceNow, Inc. (NYSE:NOW) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,363 shares of the information technology services provider’s stock after purchasing an additional 4,565 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in ServiceNow were worth $76,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOW. Norges Bank acquired a new position in ServiceNow during the 2nd quarter valued at about $2,589,235,000. Corient Private Wealth LLC grew its position in shares of ServiceNow by 105.1% during the 2nd quarter. Corient Private Wealth LLC now owns 668,630 shares of the information technology services provider’s stock worth $684,355,000 after buying an additional 342,613 shares during the period. Victory Capital Management Inc. raised its stake in shares of ServiceNow by 49.3% during the third quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider’s stock worth $951,106,000 after buying an additional 341,037 shares during the last quarter. Vanguard Group Inc. lifted its holdings in ServiceNow by 1.6% in the third quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after buying an additional 315,861 shares during the period. Finally, Holocene Advisors LP lifted its holdings in ServiceNow by 346.4% in the third quarter. Holocene Advisors LP now owns 334,790 shares of the information technology services provider’s stock valued at $308,101,000 after buying an additional 259,790 shares during the period. 87.18% of the stock is owned by institutional investors.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas upgraded NOW to Outperform and set a $140 price target; separate media notes that the stock has seen buying after analyst upgrades — upgrades increase buy-side interest and support near-term upside. ServiceNow (NOW) Gets Upgraded to Outperform From Neutral by BNP Paribas – Here’s Why
• Positive Sentiment: ServiceNow expanded and highlighted multiple AI partnerships (Microsoft, OpenAI and others), accelerating adoption of Now Assist/AI workflows and underpinning a strong revenue outlook — this reinforces the firm’s TAM expansion and premium SaaS margins. ServiceNow Expands AI Reach via Partnerships: More Upside Ahead?
• Positive Sentiment: ServiceNow announced a strategic partnership with Cohesity to add real-time recovery and resilience for enterprise AI agents — this can make ServiceNow’s AI orchestration stickier for mission-critical workflows. Cohesity and ServiceNow Deliver Real-Time Recovery for Enterprise AI Agents
• Positive Sentiment: Expanded go-to-market via Carahsoft to reach broader commercial and industrial markets in the U.S. and Canada — distribution deals can accelerate enterprise bookings and renewals. ServiceNow (NOW) Expands Carahsoft Partnership to Reach Broader Commercial Markets
• Positive Sentiment: High-profile bullish commentary (Jim Cramer) and visible insider buying by CEO Bill McDermott have supported investor confidence, signaling management conviction in the company’s AI strategy and long-term target. Jim Cramer on ServiceNow (NOW): “I Do Think That the Company Represents Actual Value at These Prices”
• Neutral Sentiment: CEO Bill McDermott’s public warning that AI may displace many new grads generated headlines — it underscores ServiceNow’s automation thesis but also raises PR and social reaction risks that are unlikely to change fundamentals. ServiceNow CEO predicts Gen Z college graduates will face at least 30% unemployment…
• Negative Sentiment: Large institutional rebalancing and notable share reductions (e.g., UBS AM trimming holdings) and multiple insider sales noted in market-data write-ups could create downward pressure or volatility as funds rebalance exposure. ServiceNow (NOW) Expands Carahsoft Partnership to Reach Broader Commercial Markets (with institutional holdings data)

Insider Buying and Selling

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Fipps sold 3,696 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total value of $376,141.92. Following the sale, the insider directly owned 8,061 shares in the company, valued at approximately $820,367.97. This represents a 31.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is owned by company insiders.

ServiceNow Stock Down 2.5%

Shares of NYSE:NOW opened at $113.79 on Thursday. The company has a 50 day moving average price of $117.22 and a two-hundred day moving average price of $153.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $119.03 billion, a PE ratio of 68.22, a PEG ratio of 1.97 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $98.00 and a 52 week high of $211.48.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Arete Research set a $200.00 target price on shares of ServiceNow in a report on Tuesday, January 6th. Piper Sandler reissued an “overweight” rating on shares of ServiceNow in a research note on Thursday, January 29th. Mizuho reduced their price target on ServiceNow from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Royal Bank Of Canada decreased their price objective on ServiceNow from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Finally, Jefferies Financial Group dropped their price objective on ServiceNow from $230.00 to $175.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.61.

ServiceNow Profile

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.