Sumitomo Mitsui DS Asset Management Company Ltd Purchases 222,313 Shares of ServiceNow, Inc. $NOW

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 432.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,711 shares of the information technology services provider's stock after purchasing an additional 222,313 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in ServiceNow were worth $41,930,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cohen Klingenstein LLC grew its stake in shares of ServiceNow by 400.0% during the fourth quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider's stock valued at $1,532,000 after purchasing an additional 8,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in ServiceNow by 385.9% in 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 purchasing an additional 2,064,440 shares during the last quarter. Torray Investment Partners LLC lifted its holdings in ServiceNow by 390.5% during the 4th quarter. Torray Investment Partners LLC now owns 40,629 shares of the information technology services provider's stock worth $6,224,000 after buying an additional 32,345 shares in the last quarter. Jennison Associates LLC lifted its holdings in ServiceNow by 280.1% during the 4th quarter. Jennison Associates LLC now owns 8,432,389 shares of the information technology services provider's stock worth $1,291,758,000 after buying an additional 6,213,762 shares in the last quarter. Finally, Narwhal Capital Management boosted its position in ServiceNow by 763.5% in the 4th quarter. Narwhal Capital Management now owns 16,977 shares of the information technology services provider's stock valued at $2,601,000 after buying an additional 15,011 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow 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 sale, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 25,164 shares of company stock valued at $2,497,021. Corporate insiders own 0.34% of the company's stock.

ServiceNow Price Performance

Shares of NOW opened at $92.01 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The stock has a market capitalization of $94.86 billion, a P/E ratio of 54.83, a P/E/G ratio of 1.63 and a beta of 0.82. The company has a 50 day moving average of $103.21 and a 200-day moving average of $133.96.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm's revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on ServiceNow from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Evercore raised their price target on ServiceNow from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday. Barclays restated an "overweight" rating and issued a $134.00 price target (up from $132.00) on shares of ServiceNow in a research report on Tuesday. Wall Street Zen cut ServiceNow from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, FBN Securities cut their target price on ServiceNow from $160.00 to $120.00 in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.35.

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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