Asset Management One Co. Ltd. Has $82.95 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Asset Management One Co. Ltd. boosted its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,192 shares of the information technology services provider's stock after purchasing an additional 4,417 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of ServiceNow worth $82,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Eagle Strategies LLC raised its stake in shares of ServiceNow by 6.7% during the 1st quarter. Eagle Strategies LLC now owns 925 shares of the information technology services provider's stock worth $736,000 after buying an additional 58 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in ServiceNow by 21.3% during the first quarter. Oppenheimer & Co. Inc. now owns 7,342 shares of the information technology services provider's stock worth $5,845,000 after acquiring an additional 1,291 shares during the last quarter. Sawgrass Asset Management LLC lifted its holdings in shares of ServiceNow by 1.3% in the first quarter. Sawgrass Asset Management LLC now owns 15,873 shares of the information technology services provider's stock valued at $12,637,000 after purchasing an additional 202 shares in the last quarter. Centerpoint Advisory Group grew its position in shares of ServiceNow by 11.1% in the first quarter. Centerpoint Advisory Group now owns 683 shares of the information technology services provider's stock valued at $544,000 after purchasing an additional 68 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of ServiceNow by 35.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,223 shares of the information technology services provider's stock worth $1,770,000 after purchasing an additional 577 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $1,003.00 target price on shares of ServiceNow in a report on Thursday, April 24th. TD Securities restated a "buy" rating and issued a $1,100.00 price target on shares of ServiceNow in a report on Thursday, April 24th. William Blair reaffirmed an "outperform" rating on shares of ServiceNow in a research report on Friday, March 7th. Royal Bank Of Canada boosted their price target on ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Guggenheim boosted their target price on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and a consensus target price of $1,065.32.

Insider Transactions at ServiceNow

In related news, Director Anita M. Sands sold 248 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total value of $250,266.72. Following the sale, the director now directly owns 10,643 shares in the company, valued at $10,740,277.02. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the sale, the chief executive officer now directly owns 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,716 shares of company stock valued at $6,611,245. Corporate insiders own 0.38% of the company's stock.

ServiceNow Stock Performance

NOW stock traded up $9.63 during trading on Wednesday, reaching $1,005.95. 1,174,561 shares of the company's stock were exchanged, compared to its average volume of 1,482,130. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The firm has a market cap of $208.21 billion, a PE ratio of 136.68, a P/E/G ratio of 4.52 and a beta of 0.95. The company's fifty day moving average price is $971.58 and its 200-day moving average price is $968.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $3.41 earnings per share. The company's quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow Profile

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.