Symmetry Partners LLC trimmed its stake in ServiceNow Inc (NYSE:NOW) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,185 shares of the information technology services provider’s stock after selling 200 shares during the quarter. Symmetry Partners LLC’s holdings in ServiceNow were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ServiceNow by 4.2% in the second quarter. Vanguard Group Inc. now owns 11,185,853 shares of the information technology services provider’s stock worth $3,071,300,000 after acquiring an additional 446,564 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of ServiceNow by 47.8% in the second quarter. Jennison Associates LLC now owns 4,489,468 shares of the information technology services provider’s stock worth $1,232,673,000 after acquiring an additional 1,452,900 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of ServiceNow by 6,404.4% in the second quarter. Nuveen Asset Management LLC now owns 3,408,996 shares of the information technology services provider’s stock worth $936,008,000 after acquiring an additional 3,356,585 shares during the last quarter. Coatue Management LLC raised its holdings in shares of ServiceNow by 0.9% in the second quarter. Coatue Management LLC now owns 2,743,722 shares of the information technology services provider’s stock worth $753,343,000 after acquiring an additional 25,617 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of ServiceNow by 4.0% in the second quarter. Northern Trust Corp now owns 1,136,213 shares of the information technology services provider’s stock worth $311,971,000 after acquiring an additional 44,195 shares during the last quarter. 90.97% of the stock is owned by institutional investors.

NOW has been the subject of several analyst reports. ValuEngine upgraded ServiceNow from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC upped their price target on ServiceNow from $276.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. They noted that the move was a valuation call. Jefferies Financial Group upped their price target on ServiceNow from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Credit Suisse Group restated a “buy” rating and set a $300.00 price target on shares of ServiceNow in a research note on Monday, October 28th. Finally, Mizuho downgraded ServiceNow from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $308.00 to $230.00 in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $292.31.

NYSE NOW traded up $7.73 on Friday, hitting $248.62. 1,589,450 shares of the stock traded hands, compared to its average volume of 3,512,197. The stock has a 50-day moving average of $253.60 and a 200 day moving average of $266.95. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $45.35 billion, a P/E ratio of 1,243.10, a price-to-earnings-growth ratio of 17.96 and a beta of 1.28. ServiceNow Inc has a twelve month low of $147.63 and a twelve month high of $303.17.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.81. The firm had revenue of $885.80 million during the quarter, compared to analyst estimates of $885.53 million. ServiceNow had a return on equity of 6.62% and a net margin of 1.09%. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. As a group, equities research analysts expect that ServiceNow Inc will post 0.48 earnings per share for the current year.

In other news, Director Frederic B. Luddy sold 22,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $260.24, for a total transaction of $5,725,280.00. Following the completion of the sale, the director now directly owns 1,213 shares of the company’s stock, valued at approximately $315,671.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chirantan Jitendra Desai sold 1,563 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $270.07, for a total value of $422,119.41. Following the sale, the insider now directly owns 35,666 shares of the company’s stock, valued at $9,632,316.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,854 shares of company stock valued at $22,294,182. 1.00% of the stock is currently owned by corporate insiders.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

Featured Article: Economic Reports

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow Inc (NYSE:NOW).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.