Danica Pension Livsforsikringsaktieselskab Purchases 41,404 Shares of ServiceNow, Inc. $NOW

Danica Pension Livsforsikringsaktieselskab lifted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 28.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,429 shares of the information technology services provider's stock after purchasing an additional 41,404 shares during the quarter. Danica Pension Livsforsikringsaktieselskab's holdings in ServiceNow were worth $19,387,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in ServiceNow by 2.0% during the first quarter. PNC Financial Services Group Inc. now owns 999,014 shares of the information technology services provider's stock worth $104,447,000 after buying an additional 19,114 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of ServiceNow during the first quarter valued at about $392,000. Mathes Company Inc. increased its position in shares of ServiceNow by 225.9% during the first quarter. Mathes Company Inc. now owns 8,800 shares of the information technology services provider's stock worth $920,000 after acquiring an additional 6,100 shares in the last quarter. Piar LLC increased its position in shares of ServiceNow by 97.7% during the first quarter. Piar LLC now owns 27,210 shares of the information technology services provider's stock worth $2,845,000 after acquiring an additional 13,450 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in shares of ServiceNow by 5.0% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 5,064 shares of the information technology services provider's stock worth $529,000 after acquiring an additional 239 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Jefferies expects ServiceNow to deliver solid second-quarter results, with subscription revenue and cRPO likely coming in above guidance. The firm also sees a possible raise to full-year subscription revenue guidance, supported by strong execution, early contract renewals, and AI-related demand. Article Title
• Positive Sentiment: Cantor Fitzgerald raised its price target on ServiceNow to $141 and kept an overweight rating, signaling confidence in upside if earnings and guidance remain strong. Article Title
• Positive Sentiment: Morgan Stanley said software sentiment has become “too negative” and named top picks in the sector, reinforcing the idea that high-quality software names like ServiceNow could rebound if the market mood improves. Article Title
• Neutral Sentiment: ServiceNow is in the spotlight ahead of earnings, with mixed analyst views and a bearish technical setup adding uncertainty into the report. Article Title
• Neutral Sentiment: ServiceNow is expected to report after the market close on July 22, and several articles frame the stock as a high-stakes earnings setup rather than a clear fundamental change. Article Title
• Negative Sentiment: CLSA initiated coverage with a bearish view, which has added pressure ahead of earnings and contributed to cautious investor sentiment around the name. Article Title
• Negative Sentiment: A separate security report said a critical ServiceNow code-execution flaw is being exploited in attacks, which could create near-term reputational and security concerns for the company. Article Title

ServiceNow Trading Down 2.5%

Shares of NOW stock opened at $102.04 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $105.20 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 1.75 and a beta of 0.96. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $210.20. The company has a 50-day simple moving average of $104.50 and a two-hundred day simple moving average of $108.56.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business's revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Research analysts anticipate that ServiceNow, Inc. will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the sale, the insider directly owned 12,072 shares in the company, valued at $1,189,212.72. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the completion of the transaction, the director directly owned 44,930 shares in the company, valued at $3,919,243.90. This trade represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 28,071 shares of company stock valued at $2,529,956. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NOW shares. Benchmark reaffirmed a "buy" rating on shares of ServiceNow in a research report on Friday. Barclays reissued an "overweight" rating and set a $134.00 price objective (up from $132.00) on shares of ServiceNow in a report on Tuesday, May 5th. DA Davidson set a $170.00 price objective on ServiceNow and gave the stock a "buy" rating in a research note on Monday. Evercore raised their target price on ServiceNow from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Finally, KeyCorp reaffirmed an "underweight" rating on shares of ServiceNow in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.12.

ServiceNow Profile

ServiceNow NYSE: NOW is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company's flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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