ServiceNow, Inc. $NOW Shares Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc raised its stake in ServiceNow by 359% in Q4, adding 283,476 shares to hold 362,441 shares worth about $55.51 million, and institutional investors now own 87.18% of the company.
• ServiceNow reported Q1 EPS of $0.97 (in line) and revenue of $3.77 billion (up 22.1% YoY), while closing a $7.75B Armis acquisition and deepening Google Cloud AI partnerships that management says will drive AI product adoption.
• Insiders sold 16,237 shares in the last three months (≈$1.70M), analysts are mixed but the consensus is a "Moderate Buy" with a $146.65 target, and short interest jumped about 30% to ~38.95M shares, raising near‑term volatility risk.

AEGON ASSET MANAGEMENT UK Plc raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 359.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 362,441 shares of the information technology services provider's stock after acquiring an additional 283,476 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in ServiceNow were worth $55,508,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NOW. Brighton Jones LLC raised its holdings in ServiceNow by 1.1% in the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock valued at $2,919,000 after acquiring an additional 30 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in ServiceNow by 4.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider's stock valued at $861,000 after acquiring an additional 34 shares during the last quarter. United Bank raised its holdings in ServiceNow by 15.5% in the 2nd quarter. United Bank now owns 1,519 shares of the information technology services provider's stock valued at $1,562,000 after acquiring an additional 204 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in ServiceNow by 2.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider's stock valued at $1,976,000 after acquiring an additional 42 shares during the last quarter. Finally, Nebula Research & Development LLC grew its stake in shares of ServiceNow by 205.1% in the 2nd quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider's stock valued at $931,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction on 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. This represents a 31.44% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

ServiceNow Price Performance

ServiceNow stock opened at $90.09 on Friday. The firm has a market cap of $93.34 billion, a PE ratio of 53.69, a price-to-earnings-growth 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. 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's 50 day moving average is $104.84 and its two-hundred day moving average is $137.51.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share 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 business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the business earned $0.81 EPS. The company's revenue was up 22.1% on a year-over-year basis. On average, research analysts expect that ServiceNow, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NOW shares. Cantor Fitzgerald dropped their price target on shares of ServiceNow to $122.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley dropped their price target on shares of ServiceNow from $210.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday. Sanford C. Bernstein increased their price target on shares of ServiceNow from $219.00 to $226.00 and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of ServiceNow from $195.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, TD Cowen reissued a "buy" rating and issued a $140.00 price target on shares of ServiceNow in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.65.

Key Stories 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 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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