4,249 Shares in ServiceNow, Inc. (NYSE:NOW) Purchased by DSG Capital Advisors LLC

DSG Capital Advisors LLC purchased a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,249 shares of the information technology services provider's stock, valued at approximately $4,504,000.

Several other hedge funds have also recently added to or reduced their stakes in NOW. Norges Bank acquired a new position in ServiceNow in the fourth quarter valued at approximately $2,603,360,000. Proficio Capital Partners LLC grew its position in shares of ServiceNow by 154,255.3% during the 4th quarter. Proficio Capital Partners LLC now owns 666,815 shares of the information technology services provider's stock worth $667,000 after buying an additional 666,383 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in shares of ServiceNow in the 4th quarter valued at $682,468,000. Price T Rowe Associates Inc. MD lifted its position in shares of ServiceNow by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock valued at $8,434,235,000 after acquiring an additional 509,467 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in ServiceNow by 36.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,830,419 shares of the information technology services provider's stock worth $1,940,464,000 after acquiring an additional 491,861 shares in the last quarter. Institutional investors own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America dropped their price objective on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Truist Financial raised ServiceNow from a "hold" rating to a "buy" rating and upped their price target for the stock from $950.00 to $1,200.00 in a research note on Thursday, May 1st. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,048.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. Citigroup upped their target price on ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Mizuho cut their target price on ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.50.

ServiceNow Stock Performance

Shares of NOW opened at $1,011.80 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $209.43 billion, a P/E ratio of 148.14, a P/E/G ratio of 4.51 and a beta of 0.97. The business's 50 day moving average price is $899.20 and its 200-day moving average price is $974.30. ServiceNow, Inc. has a 52 week low of $645.45 and a 52 week high of $1,198.09.

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

Insider Buying and Selling at ServiceNow

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 transaction, the insider now owns 3,027 shares in the company, valued at $2,435,554.47. This trade represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Russell S. Elmer sold 191 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $985.00, for a total value of $188,135.00. Following the completion of the sale, the general counsel now directly owns 4,332 shares of the company's stock, valued at $4,267,020. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,102 shares of company stock valued at $2,944,038. Corporate insiders own 0.38% of the company's stock.

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.