First Republic Investment Management Inc. grew its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,021 shares of the information technology services provider’s stock after buying an additional 709 shares during the quarter. First Republic Investment Management Inc.’s holdings in ServiceNow were worth $826,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of ServiceNow by 3.1% during the second quarter. Swiss National Bank now owns 606,600 shares of the information technology services provider’s stock valued at $64,300,000 after buying an additional 18,200 shares during the last quarter. Allen Investment Management LLC bought a new stake in shares of ServiceNow in the second quarter worth about $45,372,000. Rockefeller Financial Services Inc. bought a new stake in shares of ServiceNow in the third quarter worth about $138,000. Utah Retirement Systems grew its stake in shares of ServiceNow by 6.3% in the second quarter. Utah Retirement Systems now owns 30,600 shares of the information technology services provider’s stock worth $3,243,000 after purchasing an additional 1,800 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd grew its stake in shares of ServiceNow by 84.5% in the third quarter. British Airways Pensions Investment Management Ltd now owns 218,243 shares of the information technology services provider’s stock worth $25,643,000 after purchasing an additional 99,938 shares during the last quarter.

In other news, CRO David Schneider sold 16,349 shares of ServiceNow stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $124.21, for a total transaction of $2,030,709.29. Following the completion of the transaction, the executive now directly owns 67,185 shares in the company, valued at $8,345,048.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Scarpelli sold 95,035 shares of ServiceNow stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the transaction, the insider now owns 194,664 shares of the company’s stock, valued at $24,628,889.28. The disclosure for this sale can be found here. Insiders have sold 660,174 shares of company stock valued at $80,951,050 over the last quarter. Company insiders own 3.30% of the company’s stock.

Several analysts recently issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $150.00 target price (up from $125.00) on shares of ServiceNow in a research note on Thursday, October 26th. Argus reissued a “buy” rating and issued a $150.00 target price (up from $125.00) on shares of ServiceNow in a research note on Friday, October 27th. Mizuho reissued a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research note on Wednesday, October 25th. Stifel Nicolaus raised their target price on ServiceNow from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $150.00 target price (up from $130.00) on shares of ServiceNow in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. ServiceNow has an average rating of “Buy” and a consensus price target of $132.17.

Shares of ServiceNow, Inc. (NOW) traded up $2.80 on Friday, reaching $126.17. 1,894,700 shares of the company’s stock traded hands, compared to its average volume of 1,594,872. ServiceNow, Inc. has a twelve month low of $73.66 and a twelve month high of $130.05. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The firm had revenue of $498.20 million during the quarter, compared to analyst estimates of $491.62 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was up 39.3% on a year-over-year basis. sell-side analysts predict that ServiceNow, Inc. will post -0.35 EPS for the current fiscal year.

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ServiceNow Company Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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