DDD Partners LLC Has $21.67 Million Holdings in ServiceNow, Inc. $NOW

Key Points

• DDD Partners LLC boosted its stake in ServiceNow by 753.7% in Q4 and now holds 141,424 shares worth roughly $21.67 million, about 1.4% of the fund’s portfolio (its 15th largest position).
• ServiceNow shares plunged (about 8% to $89.70) and traded near their 52‑week low amid sector AI fears and analyst downgrades, even as the company beat quarterly revenue and EPS expectations (revenue $3.57B, +20.7% y/y; EPS $0.92) and rolled out an AI‑native platform with early customer traction.
• Analyst sentiment has been mixed with several price‑target cuts, though the consensus remains a “Moderate Buy” (consensus target $187.46); insiders have net sold recently (16,237 shares over 90 days) and institutional ownership stands at about 87.2%.

DDD Partners LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 753.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,424 shares of the information technology services provider's stock after buying an additional 124,858 shares during the quarter. ServiceNow makes up approximately 1.4% of DDD Partners LLC's investment portfolio, making the stock its 15th largest position. DDD Partners LLC's holdings in ServiceNow were worth $21,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of ServiceNow by 1.6% in the third quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider's stock valued at $18,599,709,000 after purchasing an additional 315,861 shares during the last quarter. State Street Corp increased its holdings in shares of ServiceNow by 1.4% in the third quarter. State Street Corp now owns 9,454,699 shares of the information technology services provider's stock valued at $8,700,970,000 after purchasing an additional 131,080 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of ServiceNow by 388.7% in the fourth quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider's stock valued at $720,325,000 after purchasing an additional 3,743,087 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of ServiceNow by 5.4% in the third quarter. Wellington Management Group LLP now owns 2,287,300 shares of the information technology services provider's stock valued at $2,104,956,000 after purchasing an additional 118,060 shares during the last quarter. Finally, WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST increased its holdings in shares of ServiceNow by 400.0% in the fourth quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 2,250,000 shares of the information technology services provider's stock valued at $344,678,000 after purchasing an additional 1,800,000 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NOW shares. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective (down from $200.00) on shares of ServiceNow in a report on Wednesday, January 21st. KeyCorp decreased their target price on ServiceNow from $155.00 to $115.00 and set an "underweight" rating on the stock in a research report on Thursday, January 29th. Evercore reaffirmed an "outperform" rating and issued a $175.00 target price (down from $225.00) on shares of ServiceNow in a research report on Thursday, January 29th. Jefferies Financial Group decreased their price objective on ServiceNow from $230.00 to $175.00 and set a "buy" rating on the stock in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on ServiceNow in a report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.46.

ServiceNow Trading Down 8.0%

NOW stock opened at $89.70 on Friday. The company has a market capitalization of $92.94 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01. ServiceNow, Inc. has a 52 week low of $88.66 and a 52 week high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50-day simple moving average is $107.95 and its 200 day simple moving average is $144.82.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the sale, the insider owned 26,314 shares of the company's stock, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Fipps sold 3,696 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the sale, the insider owned 8,061 shares in the company, valued at $820,367.97. The trade was a 31.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,237 shares of company stock valued at $1,697,162 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow announced an AI-native platform (Context Engine, Build Agent skills) that embeds AI across its product suite — a strategic move to make AI part of core workflows rather than an add‑on, which supports long‑term enterprise stickiness. ServiceNow moves beyond the sidecar AI era
• Positive Sentiment: Customer and partner traction: DXC announced multi‑year use of ServiceNow’s agentic AI tools and other partners/consulting firms continue to build on the platform — evidence of commercial demand for the new product set. DXC Introduces New Assure Smart Apps
• Positive Sentiment: Some analysts and strategists view the pullback as overdone and a buying opportunity, arguing CIO feedback shows fast AI adoption and that long‑term fundamentals (growth, margins) remain intact. The Selloffs in ServiceNow and Salesforce Stocks Are Disconnected, Says Wedbush
• Neutral Sentiment: Third‑party ecosystem updates (Novaworks board appointment, KeenStack advisory moves) highlight continued partner activity on the ServiceNow platform but are not material catalysts on their own. NOVAWORKS.AI APPOINTS MEG BEAR TO BOARD OF DIRECTORS
• Neutral Sentiment: Be aware of ticker confusion: NowVertical Group TSX‑V: NOW reported results today — unrelated to ServiceNow — which could add noise for retail traders seeing “NOW” headlines. NowVertical Group Reports Fourth Quarter 2025 Financial Results
• Negative Sentiment: Sector shock: Anthropic’s latest, more capable AI model reignited fears that agentic AI will displace SaaS revenue and margins, triggering a broad sell‑off in software names (including NOW). That macro sentiment is the primary driver of today’s drop. Anthropic's Latest AI Model Sends a Shockwave Through Software Stocks
• Negative Sentiment: Price/analyst pressure: NOW hit 52‑week lows, saw heavy volume, and faces analyst downgrades and pessimistic notes (BTIG, Erste trims) — adding technical and sentiment pressure that can amplify volatility short term. ServiceNow (NOW) Stock Plunges 45% in Six Months, Reaches New 52-Week Low

ServiceNow Company 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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