Servicenow Inc (NYSE:NOW): Stock Institutional Investors Feel Good About

October 12, 2017 - By Henry Gaston

 Servicenow Inc (NYSE:NOW): Stock Institutional Investors  Feel Good About

Sentiment for Servicenow Inc (NYSE:NOW)

Servicenow Inc (NYSE:NOW) institutional sentiment decreased to 1.23 in 2017 Q2. Its down -0.12, from 1.35 in 2017Q1. The ratio worsened, as 185 institutional investors opened new and increased equity positions, while 151 reduced and sold their holdings in Servicenow Inc. The institutional investors in our partner’s database now own: 167.38 million shares, up from 158.61 million shares in 2017Q1. Also, the number of institutional investors holding Servicenow Inc in their top 10 equity positions increased from 8 to 9 for an increase of 1. Sold All: 47 Reduced: 104 Increased: 114 New Position: 71.

ServiceNow, Inc. is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The company has market cap of $21.06 billion. The Firm offers a set of cloud services that automate workflow within and between departments in an enterprise. It currently has negative earnings. It provides workflow solutions, and focuses on service management for customer support, human resources, security activities and other enterprise departments.

About 325,329 shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since October 12, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Analysts expect ServiceNow Inc (NYSE:NOW) to report $-0.05 EPS on October, 25.They anticipate $0.10 EPS change or 66.67 % from last quarter’s $-0.15 EPS. After having $-0.25 EPS previously, ServiceNow Inc’s analysts see -80.00 % EPS growth.

Scge Management L.P. holds 9.41% of its portfolio in ServiceNow Inc for 350,000 shares. Shearlink Capital Llc owns 200,790 shares or 9.37% of their US portfolio. Moreover, Dragoneer Investment Group Llc has 9.08% invested in the company for 497,977 shares. The California-based Criterion Capital Management Llc has invested 5.93% in the stock. Avalon Global Asset Management Llc, a California-based fund reported 88,200 shares.#img1#

Since January 1, 0001, it had 1 buy, and 6 insider sales for $57.58 million activity.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Ratings analysis reveals 81% of ServiceNow Inc’s analysts are positive. Out of 37 Wall Street analysts rating ServiceNow Inc, 30 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $65 while the high is $150.0. The stock’s average target of $109.84 is -10.11% below today’s ($122.2) share price. NOW was included in 74 notes of analysts from July 21, 2015. As per Friday, June 17, the company rating was initiated by Oppenheimer. The company was initiated on Thursday, September 15 by Guggenheim. The rating was maintained by BMO Capital Markets with “Outperform” on Thursday, January 26. The firm earned “Buy” rating on Monday, July 17 by Mizuho. Barclays Capital maintained the stock with “Buy” rating in Monday, June 5 report. The firm earned “Buy” rating on Thursday, July 30 by UBS. Argus Research initiated the shares of NOW in report on Thursday, April 14 with “Buy” rating. The stock has “Buy” rating by J.P. Morgan on Friday, June 23. The stock of ServiceNow Inc (NYSE:NOW) has “Neutral” rating given on Thursday, January 28 by Mizuho. The firm earned “Buy” rating on Wednesday, August 30 by Cowen & Co.

Another recent and important ServiceNow Inc (NYSE:NOW) news was published by Nasdaq.com which published an article titled: “Allen Investment Management LLC Buys ServiceNow Inc, Lowe’s Inc …” on September 22, 2017.

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