Swedbank AB Increases Position in ServiceNow, Inc. $NOW

Key Points

• Swedbank AB increased its stake in ServiceNow by 326.9% in Q4, buying 2,615,500 shares to hold 3,415,650 shares (0.33%) worth about $523.2M.
• ServiceNow pushed a major AI product and partnership agenda—launching Otto, expanding Autonomous Workforce/AI Control Tower, and rolling out Autonomous CRM and Security features while partnering with NVIDIA, Microsoft, FedEx and others to drive larger, enterprise deals.
• Analysts remain broadly positive with a consensus rating of Moderate Buy and a $146.35 price target, but several firms trimmed targets and insiders sold shares recently, highlighting valuation and execution risks.

Swedbank AB grew its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 326.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,415,650 shares of the information technology services provider's stock after buying an additional 2,615,500 shares during the period. Swedbank AB owned 0.33% of ServiceNow worth $523,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NOW. IAG Wealth Partners LLC raised its holdings in shares of ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after buying an additional 18 shares during the last quarter. Noble Wealth Management PBC raised its holdings in shares of 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 raised its holdings in ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in ServiceNow during the fourth quarter worth about $26,000. Finally, Albion Financial Group UT raised its holdings in 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 purchasing an additional 136 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Major product push — ServiceNow unveiled "Otto" (a unified enterprise AI experience) and expanded its Autonomous Workforce and AI Control Tower, positioning the platform to sell higher-value, agent-driven workflows across functions. ServiceNow Otto launch
• Positive Sentiment: Partnership momentum — New/expanded partnerships with NVIDIA, Microsoft, FedEx, Lenovo and others tie ServiceNow into enterprise AI stacks and supply‑chain/IT workflows, which should help adoption and drive larger deals. NVIDIA partnership
• Positive Sentiment: New revenue levers — ServiceNow launched Autonomous CRM and Autonomous Security & Risk features that expand addressable spend in customer-facing and security domains, strengthening the path to higher contract values. Autonomous CRM
• Positive Sentiment: Analyst bullishness — Multiple firms raised/affirmed ratings and price targets (Evercore, Barclays, Capital One, BTIG, Citizens JMP, DA Davidson, etc.), and some analysts now argue for >100% upside after the investor/analyst day. That lifts near-term sentiment and trading flows. Barclays raises PT
• Neutral Sentiment: Long-term targets reiterated — Management reiterated aggressive long-term subscription/revenue goals (targeting ~ $30–32B by 2030), supporting the growth narrative but requiring sustained execution to justify current multiples. Revenue by 2030
• Neutral Sentiment: Management messaging on M&A — CEO comments attempted to address investor concerns around ServiceNow’s recent acquisitions (Moveworks, Veza, Armis); the remarks aim to reassure but may not fully remove skepticism about deal timing/valuation. CEO on acquisitions
• Negative Sentiment: Valuation/near-term risk — Wolfe Research trimmed its price target citing some deal delays (e.g., on‑prem projects in the Middle East), a reminder that execution hiccups could pressure the stock even as the AI story is priced in. Wolfe lowers PT

Analyst Ratings Changes

Several research firms recently issued reports on NOW. Wolfe Research set a $125.00 price target on shares of ServiceNow in a report on Thursday, April 23rd. Raymond James Financial cut their price target on shares of ServiceNow from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Piper Sandler cut their price target on shares of ServiceNow from $200.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. BNP Paribas Exane raised shares of ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a report on Monday, March 16th. Finally, Arete Research set a $200.00 price target on shares of ServiceNow in a report on Tuesday, January 6th. Two equities research 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $146.35.

Insider Buying and Selling at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director directly owned 46,430 shares in the company, valued at $4,697,323.10. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction that occurred on 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 sale, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,164 shares of company stock valued at $2,497,021 over the last three months. Company insiders own 0.34% of the company's stock.

ServiceNow Trading Up 0.0%

Shares of NOW opened at $92.01 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $103.21 and its two-hundred day moving average is $133.96. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The firm 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.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate 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 period in the prior year, the business posted $0.81 earnings per share. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 2.35 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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