Campbell & CO Investment Adviser LLC acquired a new stake in shares of ServiceNow Inc (NYSE:NOW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,491 shares of the information technology services provider’s stock, valued at approximately $292,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in ServiceNow by 33.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 305 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in ServiceNow by 1.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,040 shares of the information technology services provider’s stock valued at $6,268,000 after acquiring an additional 320 shares during the period. Raymond James Trust N.A. lifted its stake in ServiceNow by 6.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,263 shares of the information technology services provider’s stock valued at $1,030,000 after acquiring an additional 331 shares during the period. Chesapeake Wealth Management lifted its stake in ServiceNow by 24.9% during the 2nd quarter. Chesapeake Wealth Management now owns 1,680 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 335 shares during the period. Finally, Boston Family Office LLC lifted its stake in ServiceNow by 10.0% during the 2nd quarter. Boston Family Office LLC now owns 3,840 shares of the information technology services provider’s stock valued at $662,000 after acquiring an additional 350 shares during the period. 94.76% of the stock is currently owned by institutional investors.

ServiceNow stock opened at $157.24 on Wednesday. The company has a market capitalization of $30.68 billion, a P/E ratio of -149.75, a PEG ratio of 31.74 and a beta of 1.25. ServiceNow Inc has a 12-month low of $112.84 and a 12-month high of $206.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 24th. The information technology services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.61. The company had revenue of $673.10 million during the quarter, compared to analyst estimates of $659.41 million. ServiceNow had a negative net margin of 2.52% and a negative return on equity of 2.93%. Analysts forecast that ServiceNow Inc will post 0.16 EPS for the current year.

In related news, insider Patricia L. Wadors sold 3,831 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $169.48, for a total value of $649,277.88. Following the completion of the sale, the insider now directly owns 1,148 shares of the company’s stock, valued at approximately $194,563.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chirantan Jitendra Desai sold 2,031 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $199.84, for a total transaction of $405,875.04. Following the completion of the sale, the insider now directly owns 7,174 shares of the company’s stock, valued at $1,433,652.16. The disclosure for this sale can be found here. Insiders sold a total of 119,454 shares of company stock valued at $21,409,709 over the last three months. 1.60% of the stock is currently owned by insiders.

NOW has been the topic of several research analyst reports. Barclays upped their target price on shares of ServiceNow from $198.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Morgan Stanley lowered their target price on shares of ServiceNow from $198.00 to $188.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Jefferies Financial Group initiated coverage on shares of ServiceNow in a research note on Monday, October 1st. They set a “buy” rating and a $240.00 target price on the stock. Macquarie set a $210.00 target price on shares of ServiceNow and gave the company a “buy” rating in a research note on Friday, October 12th. Finally, Needham & Company LLC initiated coverage on shares of ServiceNow in a research note on Monday, October 22nd. They issued a “buy” rating and a $224.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. ServiceNow currently has an average rating of “Buy” and a consensus price target of $203.44.

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ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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