ServiceNow, Inc. $NOW Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management boosted its stake in ServiceNow by 426.0% in Q4, buying 2,020,480 shares to hold 2,494,815 shares (≈0.24% ownership) valued at about $367.86 million.
• ServiceNow rolled out AI initiatives including the new product "Otto" and expanded its AI Control Tower/Autonomous Workforce offerings and partnerships (NVIDIA, Microsoft, FedEx, Lenovo), positioning the company as an enterprise "AI control tower" to drive higher subscription monetization.
• Analyst sentiment is mixed but generally constructive: MarketBeat shows an average rating of "Moderate Buy" with an average target of $146.35 as firms both raised and lowered price targets, while the stock trades near $92 with a market cap around $94.9 billion.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 426.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,494,815 shares of the information technology services provider's stock after purchasing an additional 2,020,480 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of ServiceNow worth $367,860,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. IAG Wealth Partners LLC grew its stake in ServiceNow by 200.0% during the 3rd 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 lifted its stake 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 valued at $25,000 after buying an additional 128 shares during the last quarter. Millstone Evans Group LLC boosted its holdings in shares of ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 132 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of ServiceNow during the fourth quarter valued at $26,000. Finally, Albion Financial Group UT grew its position in shares of ServiceNow by 400.0% during the fourth quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOW. Evercore boosted their target price on shares of ServiceNow from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday. Wall Street Zen downgraded shares of ServiceNow from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Canaccord Genuity Group dropped their price target on shares of ServiceNow from $200.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $135.00 target price (down from $175.00) on shares of ServiceNow in a research report on Thursday, April 23rd. Finally, Arete Research set a $200.00 price target on ServiceNow in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and an average target price of $146.35.

Insider Activity

In related news, insider Jacqueline P. Canney sold 8,927 shares of the business's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the transaction, the insider directly owned 29,531 shares in the company, valued at $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Fipps sold 3,696 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the transaction, the insider directly owned 8,061 shares of the company's stock, valued at approximately $820,367.97. This trade represents a 31.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,164 shares of company stock valued at $2,497,021 over the last three months. 0.34% of the stock is currently owned by insiders.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Launched "Otto" and expanded the AI Control Tower and Autonomous Workforce — new products (Autonomous CRM, Autonomous Security & Risk, AI Control Tower enhancements) position ServiceNow as an enterprise "AI control tower" that can drive higher subscription monetization. ServiceNow Otto creates the unified AI experience for the enterprise
• Positive Sentiment: Expanded strategic partnerships (NVIDIA, Microsoft, FedEx, Lenovo, Ataccama, Cloudera) to operationalize and govern agentic AI across desktops, data centers and supply chains — lowers friction for large customers to deploy AI at scale. ServiceNow extends agentic AI governance from desktops to data centers with NVIDIA
• Positive Sentiment: Wall Street reaction: several firms raised or reaffirmed bullish ratings / price targets (Evercore, Barclays, Capital One, Citi, DA Davidson among others), signaling analyst confidence that AI product momentum can re‑rate multiples. ServiceNow (NOW) Stock Has More Than 100% Upside, Says Analyst Following Investor Day
• Neutral Sentiment: Management reiterated aggressive long‑term revenue ambition (targeting roughly $30B in subscription revenue by 2030) and highlighted Now Assist ARR progress — a clear growth target but distant and dependent on successful enterprise rollouts. ServiceNow lays out path to $30 billion in annual subscription revenue as AI bets accelerate
• Negative Sentiment: Analyst caution: Wolfe Research trimmed its price target and noted more conservative near‑term guidance tied to delayed on‑premise deals in certain regions — a reminder that some revenue is timing‑sensitive. Wolfe Research Lowers PT on ServiceNow (NOW) stock
• Negative Sentiment: Investor skepticism about acquisition pace and integration (recent M&A spree for AI firms) could cap multiple expansion if execution or margins slip. ServiceNow CEO sends blunt message on acquisitions

ServiceNow Stock Up 0.0%

Shares of ServiceNow stock opened at $92.01 on Wednesday. The stock has a market capitalization of $94.86 billion, a P/E ratio of 54.83, a PEG ratio of 1.63 and a beta of 0.82. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $103.21 and a two-hundred day moving average price of $133.96. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting analysts' consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The company's quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts expect that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

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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