As Servicenow INC (NOW) Stock Rose, Shareholder Dragoneer Investment Group LLC Has Decreased Its Holding

October 2, 2018 - By Hugh Holland

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment increased to 1.28 in Q2 2018. Its up 0.25, from 1.03 in 2018Q1. It improved, as 37 investors sold NOW shares while 140 reduced holdings. 73 funds opened positions while 154 raised stakes. 167.12 million shares or 0.19% more from 166.80 million shares in 2018Q1 were reported. Howe And Rusling accumulated 255 shares or 0.01% of the stock. Moreover, Telemus Capital Ltd Llc has 0.08% invested in ServiceNow, Inc. (NYSE:NOW) for 6,000 shares. Westfield Capital Management Limited Partnership invested in 854,747 shares. Pointstate Ltd Partnership holds 0.81% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 414,461 shares. Hsbc Plc invested in 43,102 shares. Profund Limited Liability Company owns 2,999 shares or 0.02% of their US portfolio. Renaissance Technology Ltd owns 2.30M shares or 0.42% of their US portfolio. Tarbox Family Office has invested 0% in ServiceNow, Inc. (NYSE:NOW). Nippon Life Investors Americas owns 12,430 shares. Savings Bank Of New York Mellon stated it has 1.33M shares. Weatherly Asset Mngmt Limited Partnership holds 0.11% or 2,780 shares. Voloridge Invest Mgmt Limited Liability Corp, a Florida-based fund reported 18,950 shares. Tpg Group Inc Holdings (Sbs) Incorporated holds 0.06% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 25,414 shares. 1,228 were accumulated by Northwestern Mutual Wealth Management. Moreover, Jpmorgan Chase & Company has 0.19% invested in ServiceNow, Inc. (NYSE:NOW) for 5.32M shares.

Since April 2, 2018, it had 0 buys, and 26 insider sales for $103.22 million activity. $5.69 million worth of stock was sold by LUDDY FREDERIC B on Monday, May 7. WADORS PATRICIA L also sold $663,525 worth of ServiceNow, Inc. (NYSE:NOW) shares. Slootman Frank sold $5.42 million worth of stock or 31,716 shares. 37,706 shares valued at $6.72M were sold by Scarpelli Michael on Friday, May 11. Shares for $1.86 million were sold by Schneider David. Sands Anita M also sold $74,953 worth of ServiceNow, Inc. (NYSE:NOW) shares.

Dragoneer Investment Group Llc decreased its stake in Servicenow Inc (NOW) by 4.82% based on its latest 2018Q2 regulatory filing with the SEC. Dragoneer Investment Group Llc sold 20,000 shares as the company’s stock rose 11.89% with the market. The institutional investor held 395,277 shares of the technology company at the end of 2018Q2, valued at $68.17 million, down from 415,277 at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $34.49B market cap company. The stock decreased 0.41% or $0.79 during the last trading session, reaching $193.82. About 177,880 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 74.41% since October 2, 2017 and is uptrending. It has outperformed by 58.79% the S&P500.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on October, 24. They expect $0.07 earnings per share, up 216.67 % or $0.13 from last year’s $-0.06 per share. NOW’s profit will be $12.46M for 692.21 P/E if the $0.07 EPS becomes a reality. After $-0.19 actual earnings per share reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -136.84 % EPS growth.

More notable recent ServiceNow, Inc. (NYSE:NOW) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Boston Scientific, Etsy, General Electric, Morgan Stanley, SeaWorld, Skechers …” on October 02, 2018, also Seekingalpha.com with their article: “An Explosive Large-Cap Growth Story!” published on September 04, 2018, Streetinsider.com published: “Jefferies Starts ServiceNow (NOW) at Buy, Top Large Cap Pick” on October 02, 2018. More interesting news about ServiceNow, Inc. (NYSE:NOW) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For October 2, 2018” published on October 02, 2018 as well as Streetinsider.com‘s news article titled: “US tech sector getting by without Facebook and Alphabet” with publication date: October 02, 2018.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 15 analysts covering ServiceNow (NYSE:NOW), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. ServiceNow had 22 analyst reports since April 23, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of NOW in report on Thursday, July 26 with “Outperform” rating. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Wednesday, April 25 by BMO Capital Markets. JP Morgan maintained it with “Neutral” rating and $163 target in Thursday, April 26 report. The stock has “Overweight” rating by Barclays Capital on Thursday, April 26. The stock of ServiceNow, Inc. (NYSE:NOW) has “Neutral” rating given on Friday, July 27 by JP Morgan. Raymond James maintained the shares of NOW in report on Tuesday, May 8 with “Strong Buy” rating. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Canaccord Genuity on Wednesday, April 25. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Tuesday, May 8 by FBN Securities. The stock has “Neutral” rating by JP Morgan on Monday, September 17. The firm earned “Overweight” rating on Thursday, July 26 by KeyBanc Capital Markets.

ServiceNow, Inc. (NYSE:NOW) Institutional Positions Chart

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