Munich Reinsurance Co Stock Corp in Munich Grows Holdings in ServiceNow, Inc. $NOW

Key Points

• Munich Re boosted its stake in ServiceNow by 32,618.5% in Q4 to 83,105 shares (about $12.8M), and several other institutions also made large purchases, leaving institutional ownership at roughly 87.18%.
• Analyst views are mixed: the consensus rating is a Moderate Buy with a consensus target of $146.65, although multiple firms cut price targets after the quarter.
• ServiceNow beat Q1 revenue and EPS and completed the $7.75B Armis acquisition while deepening Google Cloud AI ties, but concerns over acquisition costs, softer guidance, Middle East deal delays and a ~30% rise in short interest have pressured the stock.

Munich Reinsurance Co Stock Corp in Munich boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 32,618.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,105 shares of the information technology services provider's stock after purchasing an additional 82,851 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in ServiceNow were worth $12,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOW. Nordea Investment Management AB raised its position in ServiceNow by 388.7% in the 4th 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. Sumitomo Mitsui Trust Group Inc. raised its position in ServiceNow by 385.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider's stock worth $398,202,000 after buying an additional 2,064,440 shares during the last quarter. Alphinity Investment Management Pty Ltd raised its position in ServiceNow by 402.9% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,246,957 shares of the information technology services provider's stock worth $344,211,000 after buying an additional 1,800,113 shares during the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST raised its position in ServiceNow by 400.0% during the 4th 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 worth $344,678,000 after buying an additional 1,800,000 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in ServiceNow by 11,128.7% during the 4th quarter. SG Americas Securities LLC now owns 1,805,467 shares of the information technology services provider's stock worth $276,579,000 after buying an additional 1,789,388 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. DA Davidson cut their price objective on shares of ServiceNow from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Thursday. Sanford C. Bernstein upped their price objective on shares of ServiceNow from $219.00 to $226.00 and gave the stock an "outperform" rating in a research report on Thursday. HSBC cut their price objective on shares of ServiceNow from $226.00 to $171.00 and set a "buy" rating for the company in a research report on Thursday, April 16th. Cantor Fitzgerald cut their price objective on shares of ServiceNow to $122.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Stifel Nicolaus cut their price objective on shares of ServiceNow from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.65.

Insider Activity

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director owned 46,430 shares in the company, valued at $4,697,323.10. This trade represents a 3.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,237 shares of company stock worth $1,697,162 in the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

ServiceNow Stock Performance

Shares of NOW opened at $90.09 on Friday. The company has a 50-day simple moving average of $104.84 and a 200-day simple moving average of $137.81. The company has a quick ratio of 1.00, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $93.34 billion, a PE ratio of 53.69, a P/E/G ratio of 1.42 and a beta of 1.01. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.97. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. Equities research analysts predict that ServiceNow, Inc. will post 2.49 earnings per share for the current fiscal year.

About ServiceNow

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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