Natixis Advisors L.P. Acquires 5,034 Shares of ServiceNow, Inc. (NYSE:NOW)

Natixis Advisors L.P. increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,921 shares of the information technology services provider’s stock after buying an additional 5,034 shares during the quarter. Natixis Advisors L.P.’s holdings in ServiceNow were worth $149,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Private Wealth Management LLC purchased a new position in shares of ServiceNow in the third quarter valued at $28,000. AdvisorNet Financial Inc raised its position in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of ServiceNow in the 3rd quarter valued at about $35,000. Disciplined Equity Management Inc. bought a new stake in ServiceNow during the fourth quarter worth approximately $35,000. Finally, OFI Invest Asset Management purchased a new stake in ServiceNow during the third quarter valued at approximately $41,000. 87.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NOW shares. Stifel Nicolaus reissued a “buy” rating and set a $820.00 target price on shares of ServiceNow in a research report on Wednesday, March 20th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Thursday, April 25th. Guggenheim restated a “neutral” rating on shares of ServiceNow in a report on Monday, April 15th. Wells Fargo & Company lifted their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley boosted their price objective on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $807.28.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,369 shares of company stock valued at $8,538,300 over the last quarter. 0.25% of the stock is owned by company insiders.

ServiceNow Trading Up 1.1 %

Shares of NOW traded up $7.55 during trading on Thursday, reaching $693.16. 498,346 shares of the company traded hands, compared to its average volume of 1,213,638. The stock has a 50-day simple moving average of $755.91 and a 200-day simple moving average of $711.97. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a twelve month low of $428.97 and a twelve month high of $815.32. The stock has a market cap of $142.36 billion, a PE ratio of 73.90, a price-to-earnings-growth ratio of 4.35 and a beta of 0.98.

About ServiceNow

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.