Los Angeles Capital Management & Equity Research Inc. boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 45.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,331 shares of the information technology services provider’s stock after purchasing an additional 29,595 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of ServiceNow worth $11,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. LS Investment Advisors LLC boosted its stake in ServiceNow by 3.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,738 shares of the information technology services provider’s stock worth $184,000 after purchasing an additional 61 shares during the period. Commonwealth Bank of Australia boosted its stake in ServiceNow by 5.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,518 shares of the information technology services provider’s stock worth $159,000 after purchasing an additional 83 shares during the period. Comerica Bank boosted its stake in ServiceNow by 2.6% in the 2nd quarter. Comerica Bank now owns 7,959 shares of the information technology services provider’s stock worth $859,000 after purchasing an additional 205 shares during the period. Toronto Dominion Bank boosted its stake in ServiceNow by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock worth $216,000 after purchasing an additional 224 shares during the period. Finally, BB&T Corp boosted its stake in ServiceNow by 5.7% in the 2nd quarter. BB&T Corp now owns 4,406 shares of the information technology services provider’s stock worth $467,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 98.78% of the company’s stock.

In other ServiceNow news, Director Frank Slootman sold 150,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $115.38, for a total value of $17,307,000.00. Following the sale, the director now directly owns 216,535 shares of the company’s stock, valued at $24,983,808.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO David Schneider sold 16,349 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $124.21, for a total value of $2,030,709.29. Following the completion of the sale, the executive now directly owns 67,185 shares in the company, valued at $8,345,048.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,062,639 shares of company stock worth $125,976,897. 3.30% of the stock is owned by insiders.

Shares of ServiceNow, Inc. (NOW) opened at $127.54 on Friday. ServiceNow, Inc. has a 12 month low of $72.80 and a 12 month high of $129.56. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The company had revenue of $498.20 million for the quarter, compared to analysts’ expectations of $491.62 million. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. research analysts anticipate that ServiceNow, Inc. will post -0.35 EPS for the current year.

NOW has been the subject of several analyst reports. Citigroup Inc. restated a “buy” rating and issued a $135.00 target price (up previously from $109.00) on shares of ServiceNow in a research note on Saturday, July 22nd. Guggenheim reiterated a “buy” rating and set a $120.00 price target (up previously from $108.00) on shares of ServiceNow in a research report on Thursday, July 27th. BidaskClub downgraded ServiceNow from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and set a $130.00 price target (up previously from $110.00) on shares of ServiceNow in a research report on Thursday, July 27th. Finally, Robert W. Baird reiterated a “buy” rating and set a $120.00 price target on shares of ServiceNow in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $130.50.

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ServiceNow Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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