Castle Rock Wealth Management LLC acquired a new stake in ServiceNow Inc (NYSE:NOW) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,901 shares of the information technology services provider’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its holdings in ServiceNow by 44.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,652,619 shares of the information technology services provider’s stock valued at $285,058,000 after buying an additional 507,435 shares during the last quarter. Federated Investors Inc. PA raised its holdings in ServiceNow by 0.4% during the 1st quarter. Federated Investors Inc. PA now owns 1,525,710 shares of the information technology services provider’s stock worth $252,429,000 after purchasing an additional 5,946 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in ServiceNow by 401.7% during the 1st quarter. OppenheimerFunds Inc. now owns 1,439,564 shares of the information technology services provider’s stock worth $238,176,000 after purchasing an additional 1,152,623 shares during the last quarter. Northern Trust Corp raised its holdings in ServiceNow by 1.3% during the 1st quarter. Northern Trust Corp now owns 980,571 shares of the information technology services provider’s stock worth $162,235,000 after purchasing an additional 12,740 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in ServiceNow by 49.5% during the 2nd quarter. Bessemer Group Inc. now owns 827,954 shares of the information technology services provider’s stock worth $142,796,000 after purchasing an additional 274,242 shares during the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.

In related news, Director Anita M. Sands sold 420 shares of ServiceNow stock in a transaction on Monday, June 11th. The shares were sold at an average price of $178.46, for a total value of $74,953.20. Following the completion of the sale, the director now owns 12,284 shares of the company’s stock, valued at approximately $2,192,202.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chirantan Jitendra Desai sold 2,031 shares of ServiceNow stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $180.56, for a total transaction of $366,717.36. Following the completion of the sale, the insider now directly owns 503 shares of the company’s stock, valued at approximately $90,821.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,949 shares of company stock valued at $35,864,885. Insiders own 1.60% of the company’s stock.

Shares of NOW stock opened at $200.26 on Wednesday. ServiceNow Inc has a 52 week low of $110.17 and a 52 week high of $201.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.28 and a current ratio of 1.28.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 25th. The information technology services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $631.05 million during the quarter, compared to the consensus estimate of $616.68 million. ServiceNow had a negative net margin of 4.16% and a negative return on equity of 7.48%. The company’s quarterly revenue was up 40.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. equities research analysts expect that ServiceNow Inc will post 0.16 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Argus raised their price target on shares of ServiceNow to $215.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of ServiceNow from a “hold” rating to a “strong sell” rating in a report on Monday, July 30th. Barclays restated a “buy” rating and set a $198.00 price target on shares of ServiceNow in a report on Friday, July 27th. Northland Securities restated a “buy” rating and set a $200.00 price target on shares of ServiceNow in a report on Thursday, July 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $205.00 price target on shares of ServiceNow in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. ServiceNow has a consensus rating of “Buy” and an average price target of $196.12.

About ServiceNow

ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. It offers customer and facilities service management, orchestration core, service mapping, cloud and portfolio management, edge encryption, performance analytics, service portal designer, visual task boards, and configuration management database.

Read More: Growth Stocks

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.