AEGON ASSET MANAGEMENT UK Plc lessened its position in ServiceNow, Inc. (NYSE:NOW – Free Report) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,139 shares of the information technology services provider’s stock after selling 896 shares during the period. ServiceNow comprises 1.0% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 23rd largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in ServiceNow were worth $69,828,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NOW. Quent Capital LLC boosted its holdings in shares of ServiceNow by 4.1% during the first quarter. Quent Capital LLC now owns 770 shares of the information technology services provider’s stock worth $587,000 after purchasing an additional 30 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in ServiceNow by 3.4% in the 1st quarter. Wealthspire Advisors LLC now owns 1,683 shares of the information technology services provider’s stock valued at $1,283,000 after buying an additional 56 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of ServiceNow by 375.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,365 shares of the information technology services provider’s stock valued at $1,041,000 after acquiring an additional 1,078 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of ServiceNow by 7.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,939 shares of the information technology services provider’s stock worth $4,528,000 after acquiring an additional 387 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in shares of ServiceNow by 3.8% in the first quarter. Illinois Municipal Retirement Fund now owns 12,403 shares of the information technology services provider’s stock worth $9,456,000 after acquiring an additional 454 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.
ServiceNow Price Performance
NOW opened at $1,008.08 on Friday. The company has a market capitalization of $207.66 billion, a P/E ratio of 156.78, a PEG ratio of 5.71 and a beta of 0.98. The company has a 50-day moving average of $912.56 and a 200-day moving average of $812.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. ServiceNow, Inc. has a 1-year low of $615.54 and a 1-year high of $1,024.44.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Mizuho increased their price target on shares of ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird increased their target price on ServiceNow from $900.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Needham & Company LLC boosted their price target on ServiceNow from $900.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Evercore ISI boosted their target price on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $970.33.
View Our Latest Research Report on NOW
Insiders Place Their Bets
In other ServiceNow news, insider Jacqueline P. Canney sold 804 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total transaction of $652,848.00. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,457,924. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jacqueline P. Canney sold 804 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $812.00, for a total transaction of $652,848.00. Following the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $2,457,924. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,343 shares of company stock valued at $2,791,181 over the last 90 days. 0.25% of the stock is owned by company insiders.
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.
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