Servicenow INC (Put) (NOW) Holder Maplelane Capital LLC Cut Stake

July 17, 2017 - By Richard Conner

Investors sentiment decreased to 0.94 in Q4 2016. Its down 0.23, from 1.17 in 2016Q3. It dived, as 41 investors sold NOW shares while 113 reduced holdings. 53 funds opened positions while 92 raised stakes. 158.52 million shares or 2.18% less from 162.05 million shares in 2016Q3 were reported. Canada Pension Plan Board holds 0% in ServiceNow Inc (NYSE:NOW) or 48 shares. Legacy Wealth Inc invested 0% in ServiceNow Inc (NYSE:NOW). Cibc Asset Mngmt Inc holds 0% or 5,887 shares. Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 7,368 shares. Gulf National Bank (Uk) stated it has 0.06% of its portfolio in ServiceNow Inc (NYSE:NOW). First Personal Svcs stated it has 0.02% of its portfolio in ServiceNow Inc (NYSE:NOW). Blackrock Japan Limited reported 210,942 shares stake. Blackrock Investment Management Limited Liability holds 0.01% or 87,028 shares in its portfolio. Calvert Investment Mngmt Inc reported 0.02% stake. Cubist Systematic Strategies Limited Co holds 3,763 shares. Millennium Limited reported 0.07% stake. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% in ServiceNow Inc (NYSE:NOW) or 8,157 shares. First Republic Management reported 11,661 shares or 0.01% of all its holdings. Westfield Capital Mngmt Communication Lp reported 1.69M shares. American Natl Company Tx accumulated 28,671 shares or 0.12% of the stock.

Since January 26, 2017, it had 1 buying transaction, and 16 sales for $133.48 million activity. Shares for $13.49 million were sold by Slootman Frank. 167,000 ServiceNow Inc (NYSE:NOW) shares with value of $14.20M were sold by LUDDY FREDERIC B. $2.31M worth of stock was sold by STRAUSS WILLIAM L on Thursday, January 26. Donahoe John J had bought 11,236 shares worth $1.10M on Monday, May 8. On Friday, May 12 the insider Schneider David sold $217,661. Sands Anita M also sold $192,095 worth of ServiceNow Inc (NYSE:NOW) on Wednesday, February 1.

Leon Shaulov decreased its stake in Servicenow Inc (Put) (NOW) by 35.48% based on its latest 2016Q4 regulatory filing with the SEC. Maplelane Capital Llc sold 110,000 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Leon Shaulov held 200,000 shares of the technology company at the end of 2016Q4, valued at $14.87 million, down from 310,000 at the end of the previous reported quarter. Maplelane Capital Llc who had been investing in Servicenow Inc (Put) for a number of months, seems to be less bullish one the $18.55B market cap company. The stock declined 0.32% or $0.35 reaching $110.03 per share. About 1.38 million shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since July 17, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Maplelane Capital Llc, which manages about $1.68 billion and $2.39B US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 375,000 shares to 1.15M shares, valued at $89.72 million in 2016Q4, according to the filing. It also increased its holding in Twilio Inc (Put) by 204,700 shares in the quarter, for a total of 490,000 shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Analysts await ServiceNow Inc (NYSE:NOW) to report earnings on July, 26. They expect $-0.18 earnings per share, up 28.00 % or $0.07 from last year’s $-0.25 per share. After $-0.18 actual earnings per share reported by ServiceNow Inc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More news for ServiceNow Inc (NYSE:NOW) were recently published by: Benzinga.com, which released: “Analyst: ServiceNow Shares Make The Perfect Children’s Gift” on June 28, 2017. Gurufocus.com‘s article titled: “Mathes Company, Inc. Buys ServiceNow Inc, Mohawk Industries Inc, SPDR S&P …” and published on July 17, 2017 is yet another important article.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Among 31 analysts covering ServiceNow Inc (NYSE:NOW), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. ServiceNow Inc had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 14 by Argus Research. Cowen & Co initiated the shares of NOW in report on Friday, June 24 with “Outperform” rating. On Thursday, April 21 the stock rating was maintained by Goldman Sachs with “Neutral”. William Blair maintained the shares of NOW in report on Tuesday, August 25 with “Buy” rating. Wells Fargo initiated the shares of NOW in report on Wednesday, January 11 with “Market Perform” rating. The rating was initiated by CapitalOne with “Equal Weight” on Tuesday, December 29. The stock of ServiceNow Inc (NYSE:NOW) has “Overweight” rating given on Thursday, April 21 by Piper Jaffray. JP Morgan initiated the stock with “Overweight” rating in Friday, June 23 report. BMO Capital Markets maintained it with “Buy” rating and $11000 target in Tuesday, July 11 report. The rating was initiated by Goldman Sachs with “Neutral” on Friday, December 11.

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