ServiceNow, Inc. (NYSE:NOW) Stock Holdings Raised by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,447,294 shares of the information technology services provider’s stock after purchasing an additional 100,331 shares during the period. Fisher Asset Management LLC owned 0.71% of ServiceNow worth $1,022,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position 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 valued at $580,486,000 after buying an additional 820,465 shares during the last quarter. FMR LLC grew its position in shares of ServiceNow by 17.3% during the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock valued at $2,256,407,000 after buying an additional 595,697 shares during the last quarter. Jennison Associates LLC grew its position in shares of ServiceNow by 23.0% during the 3rd quarter. Jennison Associates LLC now owns 2,467,471 shares of the information technology services provider’s stock valued at $1,379,217,000 after buying an additional 461,614 shares during the last quarter. Cerity Partners LLC grew 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 valued at $287,020,000 after buying an additional 371,648 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of ServiceNow during the 3rd quarter valued at about $135,075,000. Institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NOW shares. KeyCorp lowered their price objective on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group upped their target price on shares of ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Piper Sandler upped their target price on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Truist Financial upped their target price on shares of ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Citigroup upped their target price on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $807.28.

ServiceNow Price Performance

NOW stock traded up $5.80 on Thursday, hitting $691.41. 301,376 shares of the company’s stock traded hands, compared to its average volume of 1,210,911. ServiceNow, Inc. has a 1-year low of $428.97 and a 1-year high of $815.32. The stock has a market cap of $142.00 billion, a price-to-earnings ratio of 73.90, a P/E/G ratio of 4.35 and a beta of 0.98. The stock has a fifty day moving average of $755.91 and a 200-day moving average of $711.97. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18.

Insider Activity at ServiceNow

In related news, insider Paul John Smith sold 5,159 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’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 transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold a total of 11,369 shares of company stock valued at $8,538,300 over the last ninety days. Insiders own 0.25% of the company’s stock.

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.