Swiss Life Asset Management Ltd Has $76.72 Million Holdings in ServiceNow, Inc. $NOW

Swiss Life Asset Management Ltd raised its position in ServiceNow, Inc. (NYSE:NOW) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,363 shares of the information technology services provider’s stock after purchasing an additional 4,565 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in ServiceNow were worth $76,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in ServiceNow by 7.1% during the third quarter. Sei Investments Co. now owns 396,517 shares of the information technology services provider’s stock worth $364,903,000 after purchasing an additional 26,241 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in ServiceNow by 29.8% in the 3rd quarter. Temasek Holdings Private Ltd now owns 117,005 shares of the information technology services provider’s stock valued at $107,677,000 after buying an additional 26,850 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ServiceNow by 27.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 269,379 shares of the information technology services provider’s stock worth $250,196,000 after buying an additional 57,423 shares in the last quarter. California Public Employees Retirement System lifted its position in ServiceNow by 17.9% during the 3rd quarter. California Public Employees Retirement System now owns 410,694 shares of the information technology services provider’s stock worth $377,953,000 after buying an additional 62,346 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of ServiceNow by 49.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider’s stock worth $951,106,000 after buying an additional 341,037 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho lowered their target price on ServiceNow from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Capital One Financial decreased their price target on ServiceNow from $188.00 to $161.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. BMO Capital Markets lowered their price target on ServiceNow from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Citigroup upped their price objective on ServiceNow from $235.00 to $237.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of ServiceNow in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.61.

ServiceNow Price Performance

Shares of NYSE NOW opened at $113.79 on Thursday. The business’s 50 day moving average price is $117.22 and its two-hundred day moving average price is $153.82. The company has a market cap of $119.03 billion, a PE ratio of 68.22, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. ServiceNow, Inc. has a twelve month low of $98.00 and a twelve month high of $211.48.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas upgraded NOW to Outperform and set a $140 price target; separate media notes that the stock has seen buying after analyst upgrades — upgrades increase buy-side interest and support near-term upside. ServiceNow (NOW) Gets Upgraded to Outperform From Neutral by BNP Paribas – Here’s Why
• Positive Sentiment: ServiceNow expanded and highlighted multiple AI partnerships (Microsoft, OpenAI and others), accelerating adoption of Now Assist/AI workflows and underpinning a strong revenue outlook — this reinforces the firm’s TAM expansion and premium SaaS margins. ServiceNow Expands AI Reach via Partnerships: More Upside Ahead?
• Positive Sentiment: ServiceNow announced a strategic partnership with Cohesity to add real-time recovery and resilience for enterprise AI agents — this can make ServiceNow’s AI orchestration stickier for mission-critical workflows. Cohesity and ServiceNow Deliver Real-Time Recovery for Enterprise AI Agents
• Positive Sentiment: Expanded go-to-market via Carahsoft to reach broader commercial and industrial markets in the U.S. and Canada — distribution deals can accelerate enterprise bookings and renewals. ServiceNow (NOW) Expands Carahsoft Partnership to Reach Broader Commercial Markets
• Positive Sentiment: High-profile bullish commentary (Jim Cramer) and visible insider buying by CEO Bill McDermott have supported investor confidence, signaling management conviction in the company’s AI strategy and long-term target. Jim Cramer on ServiceNow (NOW): “I Do Think That the Company Represents Actual Value at These Prices”
• Neutral Sentiment: CEO Bill McDermott’s public warning that AI may displace many new grads generated headlines — it underscores ServiceNow’s automation thesis but also raises PR and social reaction risks that are unlikely to change fundamentals. ServiceNow CEO predicts Gen Z college graduates will face at least 30% unemployment…
• Negative Sentiment: Large institutional rebalancing and notable share reductions (e.g., UBS AM trimming holdings) and multiple insider sales noted in market-data write-ups could create downward pressure or volatility as funds rebalance exposure. ServiceNow (NOW) Expands Carahsoft Partnership to Reach Broader Commercial Markets (with institutional holdings data)

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 3,696 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the completion of the sale, the insider owned 8,061 shares of the company’s stock, valued at $820,367.97. This trade represents a 31.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the transaction, the director directly owned 46,430 shares of the company’s stock, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,237 shares of company stock worth $1,697,162. Company insiders own 0.34% of the company’s stock.

ServiceNow Company Profile

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.