ServiceNow, Inc. $NOW Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its ServiceNow position by 154.2% in the third quarter, buying 500,196 additional shares to hold 824,546 shares worth approximately $110.5 million.
• Institutional investors own 87.18% of ServiceNow, while insiders sold 14,081 shares worth about $1.94 million over the past 90 days.
• ServiceNow recently beat quarterly earnings expectations, reporting $3.99 billion in revenue and 24% year-over-year growth. Analysts remain broadly positive, with a “Moderate Buy” consensus and a $153.90 average price target, though the stock’s high valuation and upcoming earnings report pose risks.

Robeco Institutional Asset Management B.V. increased its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 154.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 824,546 shares of the information technology services provider's stock after purchasing an additional 500,196 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of ServiceNow worth $110,497,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. A. D. Beadell Investment Counsel Inc. grew its stake in shares of ServiceNow by 2.9% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider's stock worth $279,000 after buying an additional 80 shares in the last quarter. DUTCH ASSET Corp increased its holdings in shares of ServiceNow by 0.5% in the 3rd quarter. DUTCH ASSET Corp now owns 16,331 shares of the information technology services provider's stock worth $2,189,000 after buying an additional 82 shares during the last quarter. Atwood & Palmer Inc. raised its position in shares of ServiceNow by 20.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider's stock valued at $60,000 after buying an additional 100 shares in the last quarter. Cornerstone Financial Management LLC raised its position in shares of ServiceNow by 72.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider's stock valued at $25,000 after buying an additional 107 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its position in shares of ServiceNow by 1.5% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 7,584 shares of the information technology services provider's stock valued at $757,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline Canney sold 7,847 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares of the company's stock, valued at $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider owned 18,305 shares of the company's stock, valued at $2,706,760.35. This trade represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,081 shares of company stock valued at $1,937,904 in the last ninety days. 0.34% of the stock is owned by company insiders.

ServiceNow Price Performance

ServiceNow stock opened at $153.08 on Thursday. The firm has a 50-day moving average price of $136.57 and a 200-day moving average price of $114.70. The firm has a market capitalization of $158.29 billion, a PE ratio of 95.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.99. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $192.97.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The firm's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS. As a group, equities research analysts forecast that ServiceNow, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Argus increased their price target on shares of ServiceNow from $134.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Truist Financial set a $180.00 price objective on ServiceNow and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank Of Canada upped their price objective on ServiceNow from $130.00 to $176.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Yorkville Ives started coverage on ServiceNow in a research note on Monday, October 5th. They issued an "outperform" rating and a $160.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on ServiceNow from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.90.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and NVIDIA launched Arc, an AI agent designed for enterprise and Mac workflows. The partnership strengthens ServiceNow’s position in AI orchestration and could support adoption of its platform across corporate environments. ServiceNow and Nvidia launch Arc, a new AI agent for enterprise
• Positive Sentiment: ServiceNow’s AI-related contract value has reportedly surpassed $1 billion, reinforcing the view that its AI products are moving from experimentation toward meaningful monetization. The stock has rallied sharply over the past three months as investors anticipate further enterprise demand. ServiceNow Rallies 43% in Three Months as AI Contract Value Tops $1 Billion
• Positive Sentiment: Analysts have raised price targets ahead of ServiceNow’s October 28 earnings report. Bernstein set a Street-high $266 target, while Piper Sandler and TD Cowen also increased targets, citing AI-driven workflow tools, customer upgrades and federal demand. ServiceNow Orchestrates AI's Next Act—Can Earnings Deliver?
• Neutral Sentiment: Investors are focused on the upcoming quarterly report. ServiceNow’s latest quarter showed 24% revenue growth to approximately $3.99 billion and an earnings beat, but some forecasts call for a single-digit earnings decline in the next report, raising the bar for continued upside. ServiceNow's Quarterly Earnings Preview
• Negative Sentiment: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” adding pressure ahead of earnings. The downgrade reflects concerns that expectations may already discount much of the AI opportunity.
• Negative Sentiment: ServiceNow may need stronger cash flow to finance its AI expansion. With a roughly 96 price-to-earnings ratio and current and quick ratios near 0.70, the stock remains vulnerable if AI investments do not translate into accelerating profits and cash generation. ServiceNow Needs Stronger Cash Flow to Support Its AI Expansion

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company's products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.

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