Fisher Asset Management LLC Purchases 100,331 Shares of ServiceNow, Inc. (NYSE:NOW)

Fisher Asset Management LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,447,294 shares of the information technology services provider’s stock after buying an additional 100,331 shares during the quarter. Fisher Asset Management LLC’s holdings in ServiceNow were worth $1,022,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOW. Commonwealth Equity Services LLC grew its stake in ServiceNow by 5.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,699 shares of the information technology services provider’s stock valued at $20,514,000 after buying an additional 1,946 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of ServiceNow by 225.0% during the third quarter. FinTrust Capital Advisors LLC now owns 221 shares of the information technology services provider’s stock worth $124,000 after acquiring an additional 153 shares during the period. Raymond James & Associates boosted its holdings in shares of ServiceNow by 10.1% during the third quarter. Raymond James & Associates now owns 312,964 shares of the information technology services provider’s stock worth $174,934,000 after acquiring an additional 28,662 shares during the period. Simon Quick Advisors LLC boosted its holdings in shares of ServiceNow by 138.5% during the third quarter. Simon Quick Advisors LLC now owns 892 shares of the information technology services provider’s stock worth $499,000 after acquiring an additional 518 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of ServiceNow by 7.9% during the third quarter. Stratos Wealth Partners LTD. now owns 7,644 shares of the information technology services provider’s stock worth $4,273,000 after acquiring an additional 557 shares during the period. 87.18% of the stock is owned by institutional investors.

ServiceNow Trading Up 0.8 %

NYSE NOW traded up $5.80 on Thursday, reaching $691.41. The company had a trading volume of 301,376 shares, compared to its average volume of 1,210,911. The firm 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. ServiceNow, Inc. has a fifty-two week low of $428.97 and a fifty-two week high of $815.32. The business has a 50 day moving average of $755.91 and a two-hundred day moving average of $711.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NOW shares. Barclays boosted their price objective on ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. BMO Capital Markets cut their price target on ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Piper Sandler boosted their price target on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. JMP Securities reiterated a “market outperform” rating and issued a $825.00 price target on shares of ServiceNow in a research note on Tuesday, April 23rd. Finally, UBS Group cut their price target on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $807.28.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 5,159 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was 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 in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 11,369 shares of company stock worth $8,538,300 over the last three months. Company 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.