Sands Capital Management LLC Holding in Servicenow INC (NOW) Has Upped by $162.19 Million

January 22, 2018 - By Linda Rogers

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.15, from 1.23 in 2017Q2. It is positive, as 23 investors sold NOW shares while 115 reduced holdings. 61 funds opened positions while 130 raised stakes. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported. Thrivent For Lutherans reported 200,556 shares. Aperio Grp Incorporated Limited Liability has 0.03% invested in ServiceNow, Inc. (NYSE:NOW). 493,243 were reported by Victory Capital Management Incorporated. Northwestern Mutual Wealth Co, a Wisconsin-based fund reported 277 shares. Ithaka Grp Ltd Liability Com has invested 2.12% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Toronto Dominion Fincl Bank holds 7,174 shares or 0% of its portfolio. Nelson Roberts Advisors Lc invested in 0.01% or 225 shares. Scge Limited Partnership has invested 8.56% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Global X Mngmt Limited Liability Company holds 3,373 shares. State Of New Jersey Common Pension Fund D invested 0.03% in ServiceNow, Inc. (NYSE:NOW). Mathes invested 1.88% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Ubs Asset Americas Incorporated holds 1.18 million shares or 0.13% of its portfolio. Css Ltd Liability Co Il holds 0% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 503 shares. Tarbox Family Office Inc invested 0% in ServiceNow, Inc. (NYSE:NOW). Moreover, Cornerstone Advsrs has 0.11% invested in ServiceNow, Inc. (NYSE:NOW) for 1,405 shares.

Since August 1, 2017, it had 0 insider buys, and 10 selling transactions for $131.38 million activity. On Tuesday, August 1 the insider Slootman Frank sold $27.54M. Scarpelli Michael also sold $8.08 million worth of ServiceNow, Inc. (NYSE:NOW) on Tuesday, August 15. Schneider David had sold 16,349 shares worth $1.75M on Friday, August 11.

Sands Capital Management Llc increased its stake in Servicenow Inc (NOW) by 22.15% based on its latest 2017Q3 regulatory filing with the SEC. Sands Capital Management Llc bought 1.39M shares as the company’s stock rose 7.07% with the market. The institutional investor held 7.64M shares of the technology company at the end of 2017Q3, valued at $898.48M, up from 6.26 million at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $24.77B market cap company. The stock increased 0.80% or $1.13 during the last trading session, reaching $143.4. About 806,425 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since January 22, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Sands Capital Management Llc, which manages about $42.07B and $33.38 billion US Long portfolio, decreased its stake in Lendingclub Corp (NYSE:LC) by 1.46M shares to 23.73M shares, valued at $144.53 million in 2017Q3, according to the filing. It also reduced its holding in Under Armour Inc (NYSE:UA) by 2.27 million shares in the quarter, leaving it with 6.78 million shares, and cut its stake in Monster Beverage Corp.

Another recent and important ServiceNow, Inc. (NYSE:NOW) news was published by Gurufocus.com which published an article titled: “Affiance Financial, LLC Buys Vanguard Total Stock Market, ServiceNow Inc …” on January 19, 2018.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. ServiceNow Inc has $168 highest and $65 lowest target. $125.18’s average target is -12.71% below currents $143.4 stock price. ServiceNow Inc had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 27 by Wunderlich. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Hold” rating by Piper Jaffray on Monday, October 16. The company was maintained on Thursday, October 26 by KeyBanc Capital Markets. JP Morgan initiated ServiceNow, Inc. (NYSE:NOW) on Friday, June 23 with “Overweight” rating. The stock of ServiceNow, Inc. (NYSE:NOW) has “Equal Weight” rating given on Tuesday, December 29 by CapitalOne. On Friday, January 22 the stock rating was maintained by Mizuho with “Buy”. On Thursday, April 27 the stock rating was maintained by RBC Capital Markets with “Top Pick”. Canaccord Genuity maintained it with “Buy” rating and $105 target in Monday, April 24 report. The rating was downgraded by Piper Jaffray to “Neutral” on Friday, December 2. The rating was maintained by Canaccord Genuity on Thursday, October 26 with “Buy”.

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