ServiceNow, Inc. (NYSE:NOW) Stake Increased by Czech National Bank

Czech National Bank boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,315 shares of the information technology services provider's stock after acquiring an additional 2,522 shares during the period. Czech National Bank's holdings in ServiceNow were worth $37,669,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in ServiceNow by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 19,199,258 shares of the information technology services provider's stock worth $20,353,517,000 after buying an additional 190,430 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in ServiceNow by 6.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock worth $8,434,235,000 after acquiring an additional 509,467 shares during the period. FMR LLC raised its holdings in ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock worth $6,232,339,000 after acquiring an additional 272,506 shares during the period. Geode Capital Management LLC increased its holdings in shares of ServiceNow by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,312,571 shares of the information technology services provider's stock worth $4,560,890,000 after purchasing an additional 100,670 shares during the period. Finally, GAMMA Investing LLC increased its stake in ServiceNow by 87,501.3% in the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock valued at $2,141,108,000 after acquiring an additional 2,686,291 shares during the period. Institutional investors own 87.18% of the company's stock.

Insider Activity

In other news, insider Jacqueline P. Canney sold 354 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $804.61, for a total value of $284,831.94. Following the completion of the sale, the insider now directly owns 3,027 shares of the company's stock, valued at $2,435,554.47. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of ServiceNow stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total value of $717,347.40. Following the transaction, the director now directly owns 3,205 shares of the company's stock, valued at approximately $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,102 shares of company stock valued at $2,944,038 in the last quarter. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NOW. William Blair restated an "outperform" rating on shares of ServiceNow in a research report on Friday, March 7th. Guggenheim increased their price objective on shares of ServiceNow from $716.00 to $724.00 and gave the company a "sell" rating in a report on Thursday, April 24th. Morgan Stanley upped their target price on shares of ServiceNow from $881.00 to $950.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Evercore ISI increased their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Scotiabank set a $1,100.00 target price on shares of ServiceNow and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and an average price target of $1,062.50.

ServiceNow Price Performance

NOW traded down $0.11 during trading on Monday, hitting $1,010.98. The company's stock had a trading volume of 1,001,802 shares, compared to its average volume of 1,503,330. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a twelve month low of $645.45 and a twelve month high of $1,198.09. The business's fifty day simple moving average is $899.20 and its 200 day simple moving average is $974.30. The firm has a market capitalization of $209.26 billion, a price-to-earnings ratio of 148.02, a P/E/G ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The business's revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.41 earnings per share. On average, equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

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.