Envestnet Asset Management Inc. increased its stake in ServiceNow, Inc. (NYSE:NOW) by 14.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,938 shares of the information technology services provider’s stock after purchasing an additional 2,427 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ServiceNow were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NOW. Dimensional Fund Advisors LP increased its stake in ServiceNow by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 153,341 shares of the information technology services provider’s stock worth $13,412,000 after purchasing an additional 11,885 shares in the last quarter. IFP Advisors Inc increased its stake in ServiceNow by 14.5% in the 2nd quarter. IFP Advisors Inc now owns 2,030 shares of the information technology services provider’s stock worth $215,000 after purchasing an additional 257 shares in the last quarter. Global X Management Co. LLC grew its stake in ServiceNow by 99.9% during the 2nd quarter. Global X Management Co. LLC now owns 2,813 shares of the information technology services provider’s stock valued at $298,000 after acquiring an additional 1,406 shares in the last quarter. Cigna Investments Inc. New grew its stake in ServiceNow by 31.4% during the 2nd quarter. Cigna Investments Inc. New now owns 3,053 shares of the information technology services provider’s stock valued at $324,000 after acquiring an additional 730 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in ServiceNow by 10.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 287,044 shares of the information technology services provider’s stock valued at $30,427,000 after acquiring an additional 26,105 shares in the last quarter.

In other ServiceNow news, insider Michael Scarpelli sold 95,035 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $126.52, for a total value of $12,023,828.20. Following the sale, the insider now directly owns 194,664 shares in the company, valued at $24,628,889.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 150,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $117.17, for a total value of $17,575,500.00. Following the completion of the sale, the director now owns 216,535 shares in the company, valued at $25,371,405.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 660,174 shares of company stock worth $80,951,050. 3.30% of the stock is currently owned by company insiders.

NOW has been the topic of several research analyst reports. UBS lifted their target price on ServiceNow from $128.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut ServiceNow from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Mizuho reaffirmed a “buy” rating on shares of ServiceNow in a research note on Monday, October 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $127.00 target price on shares of ServiceNow in a research note on Friday, October 13th. Finally, Moffett Nathanson initiated coverage on ServiceNow in a research note on Wednesday, September 6th. They set a “buy” rating on the stock. One research 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $132.17.

ServiceNow, Inc. (NYSE:NOW) traded up $2.80 on Friday, hitting $126.17. The stock had a trading volume of 1,894,700 shares, compared to its average volume of 1,594,872. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10. ServiceNow, Inc. has a 1-year low of $73.66 and a 1-year high of $130.05.

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

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About ServiceNow

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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