Darwin Wealth Management LLC Acquires 3,704 Shares of ServiceNow, Inc. (NYSE:NOW)

Darwin Wealth Management LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 717.8% in the fourth quarter, HoldingsChannel reports. The firm owned 4,220 shares of the information technology services provider’s stock after acquiring an additional 3,704 shares during the period. Darwin Wealth Management LLC’s holdings in ServiceNow were worth $2,981,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of ServiceNow by 69,354.6% during the 4th quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock worth $580,486,000 after buying an additional 820,465 shares during the period. FMR LLC raised its position in shares of ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after acquiring an additional 595,697 shares in the last quarter. Jennison Associates LLC raised its holdings in ServiceNow by 23.0% during the third quarter. Jennison Associates LLC now owns 2,467,471 shares of the information technology services provider’s stock worth $1,379,217,000 after buying an additional 461,614 shares during the last quarter. Cerity Partners LLC lifted its position in shares of ServiceNow by 1,073.7% during the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock worth $287,020,000 after buying an additional 371,648 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in ServiceNow in the third quarter valued at approximately $135,075,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Performance

Shares of NYSE:NOW traded up $6.62 during trading on Friday, hitting $729.56. 203,552 shares of the company were exchanged, compared to its average volume of 1,212,884. ServiceNow, Inc. has a 52-week low of $446.65 and a 52-week high of $815.32. The company has a market cap of $149.84 billion, a PE ratio of 77.34, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The stock has a 50 day moving average of $750.45 and a 200 day moving average of $717.57.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOW shares. StockNews.com lowered ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Truist Financial raised their target price on ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Tuesday. Jefferies Financial Group boosted their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $820.00 price objective on shares of ServiceNow in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $807.88.

Insiders Place Their Bets

In other news, insider Paul John Smith sold 190 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the sale, the insider now directly owns 3,010 shares in the company, valued at approximately $2,163,527.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other ServiceNow news, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the transaction, the insider now directly owns 3,010 shares of the company’s stock, valued at approximately $2,163,527.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at $12,935,655.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,559 shares of company stock worth $8,674,868. 0.25% of the stock is currently owned by company 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.