Mitsubishi UFJ Trust & Banking Corp Acquires 457,116 Shares of ServiceNow, Inc. $NOW

Key Points

• Mitsubishi UFJ Trust & Banking boosted its stake in ServiceNow by 364.5% in Q4, acquiring 457,116 shares and raising its total to 582,530 shares (about 0.06% of the company) worth roughly $89.24 million.
• ServiceNow reported a solid quarter (EPS $0.97, revenue $3.77B, revenue up 22.1% and 22% subscription growth) and lifted its outlook, yet the stock suffered a post-earnings sell-off and trades around $90.50 versus a consensus analyst price target of $146.65 ("Moderate Buy").
• Institutional investors own about 87.18% of the stock, while insiders have sold 16,237 shares in the last three months and now hold roughly 0.34% of the company.

Mitsubishi UFJ Trust & Banking Corp raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 364.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 582,530 shares of the information technology services provider's stock after purchasing an additional 457,116 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of ServiceNow worth $89,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC increased its holdings in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after buying an additional 18 shares during the last quarter. Noble Wealth Management PBC raised its position in ServiceNow by 400.0% in the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 128 shares during the period. Lodestone Wealth Management LLC purchased a new position in ServiceNow in the fourth quarter valued at about $26,000. Albion Financial Group UT grew its position in shares of ServiceNow by 400.0% during the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 136 shares during the period. Finally, Avion Wealth grew its position in shares of ServiceNow by 256.0% during the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 128 shares during the period. 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: European customers are consolidating core functions on the ServiceNow platform and integrating it with systems to support AI deployments—this supports long-term revenue and AI monetization potential. European ServiceNow Strategies Focus on AI, Sovereignty
• Positive Sentiment: Analysts argue the post-earnings sell-off looks overdone given a solid print and upgraded outlook, framing the weakness as a potential buying opportunity for longer-term investors. Solid Quarter, Harsh Reaction. ServiceNow (NOW) Still Looks Like a Buy
• Positive Sentiment: Coverage highlights 22% subscription growth and a lifted 2026 outlook driven by AI monetization and pricing changes that are producing larger deals and renewals—supporting upside to revenue and margins over time. NOW's AI-Driven Subscription Growth Accelerates: More Upside Ahead?
• Positive Sentiment: Some outlets view the post-earnings selloff as a contrarian setup and note a rating upgrade, suggesting value for patient investors if execution on AI pricing and upsells continues. ServiceNow: The Selloff Looks Ugly Enough To Be Interesting (Rating Upgrade)
• Neutral Sentiment: Coverage weighing whether the current dip is a buy—notes near-term risks but also an expanding enterprise footprint and AI tailwinds; outcome depends on execution and market rotation. ServiceNow Stock Trading Near Its 52-Week Low—Should You Buy the Dip?
• Neutral Sentiment: Commentary (including Jim Cramer mentions) highlights hidden factors and sector rotation pressure on enterprise software names, which helps explain volatile price action even with solid fundamentals. Jim Cramer Discusses Hidden Factor For ServiceNow (NOW) Stock
• Neutral Sentiment: Regional/market write-ups (PSE coverage) note volatility and large multi-period declines in local listings; useful for sentiment context but less relevant to NOW's U.S. fundamentals. Is NOW PSE: NOW Pricing In Too Much After Recent Share Price Volatility?
• Negative Sentiment: Several outlets flag that shares plunged despite the solid quarter and guidance bump, reflecting investor disappointment or rotation away from late-cycle software names—selling pressure can persist until sentiment stabilizes. Is ServiceNow Stock a Buy After Shares Sink?
• Negative Sentiment: Macro/peer comparisons label ServiceNow among the worst-performing large software stocks YTD, which can amplify outflows and headline-driven selling until earnings momentum is re-priced. Which Software Stock Has Been the Worst Performer in 2026: Adobe, Salesforce, or ServiceNow?

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NOW shares. Sanford C. Bernstein lifted their price target on shares of ServiceNow from $219.00 to $226.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Piper Sandler reduced their price objective on ServiceNow from $200.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. Weiss Ratings downgraded ServiceNow from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, April 21st. The Goldman Sachs Group lowered their target price on ServiceNow from $188.00 to $163.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Finally, Evercore cut their price target on ServiceNow from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.65.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 3,696 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the transaction, the insider owned 8,061 shares in the company, valued at $820,367.97. This trade represents a 31.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider directly owned 26,314 shares of the company's stock, valued at $2,781,652.94. The trade was a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is owned by company insiders.

ServiceNow Stock Up 0.4%

ServiceNow stock opened at $90.50 on Tuesday. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48. The firm has a market capitalization of $93.77 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 1.53 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $104.51 and a 200 day simple moving average of $136.53.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business posted $0.81 earnings per share. The business's quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 2.47 earnings per share for the current year.

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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