Vontobel Holding Ltd. Has $241.48 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Vontobel Holding Ltd. boosted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,316 shares of the information technology services provider's stock after purchasing an additional 5,906 shares during the period. Vontobel Holding Ltd. owned about 0.15% of ServiceNow worth $241,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in ServiceNow during the fourth quarter worth $27,000. Atala Financial Inc acquired a new position in shares of ServiceNow during the 4th quarter worth about $28,000. WASHINGTON TRUST Co grew its holdings in shares of ServiceNow by 620.0% in the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 31 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of ServiceNow in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of ServiceNow in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of analyst reports. Mizuho raised their price target on ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Citigroup increased their price objective on ServiceNow from $1,128.00 to $1,160.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Bank of America dropped their price target on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price target on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of ServiceNow in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, ServiceNow currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,068.23.

ServiceNow Price Performance

NYSE:NOW traded down $3.11 during trading hours on Wednesday, hitting $1,008.78. The company's stock had a trading volume of 871,420 shares, compared to its average volume of 1,483,763. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $995.96 and a 200-day simple moving average of $964.39. The company has a market capitalization of $208.80 billion, a P/E ratio of 137.06, a PEG ratio of 4.65 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $3.41 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, insider Jacqueline P. Canney sold 145 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $147,900.00. Following the completion of the transaction, the insider directly owned 3,027 shares in the company, valued at approximately $3,087,540. This represents a 4.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 62 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the transaction, the general counsel directly owned 4,332 shares of the company's stock, valued at approximately $4,431,636. The trade was a 1.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is currently owned by insiders.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.