Servicenow INC (NOW) Shareholder Carmignac Gestion Has Trimmed Position

March 23, 2018 - By Dolores Ford

Investors sentiment increased to 1.38 in Q3 2017. 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. American Natl Insurance Tx has invested 0.18% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Investors holds 2.45 million shares. White Elm Ltd Limited Liability Company has 4.69% invested in ServiceNow, Inc. (NYSE:NOW) for 201,600 shares. Asset Mngmt holds 0.03% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 7,744 shares. Westover Capital holds 1.06% or 15,344 shares. Deutsche Commercial Bank Ag holds 0.05% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 627,177 shares. Cullen Frost Bankers Incorporated invested in 0.31% or 80,595 shares. Goldman Sachs Grp stated it has 0.08% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Advisory Net Llc accumulated 220 shares. Shine Investment Advisory has invested 0.03% in ServiceNow, Inc. (NYSE:NOW). Cibc Asset Management has invested 0% in ServiceNow, Inc. (NYSE:NOW). 326,224 are held by Korea Corp. Lord Abbett And Co Limited Liability Company has 96,456 shares for 0.03% of their portfolio. First Trust Advisors Ltd Partnership owns 256,789 shares or 0.08% of their US portfolio. Nuveen Asset Mgmt Ltd Liability holds 0.11% or 147,414 shares.

Since October 2, 2017, it had 0 insider purchases, and 15 selling transactions for $85.43 million activity. 5,442 ServiceNow, Inc. (NYSE:NOW) shares with value of $853,898 were sold by Slootman Frank. Desai Chirantan Jitendra sold $3.09 million worth of stock or 19,742 shares. Scarpelli Michael sold $3.68 million worth of stock. Sands Anita M had sold 1,636 shares worth $246,234. Another trade for 100,000 shares valued at $13.54 million was made by LUDDY FREDERIC B on Tuesday, January 9. $2.08M worth of ServiceNow, Inc. (NYSE:NOW) was sold by MILLER JEFFREY A on Tuesday, February 27.

Carmignac Gestion decreased its stake in Servicenow Inc (NOW) by 1.45% based on its latest 2017Q3 regulatory filing with the SEC. Carmignac Gestion sold 55,998 shares as the company’s stock rose 7.07% with the market. The institutional investor held 3.81 million shares of the technology company at the end of 2017Q3, valued at $447.45M, down from 3.86 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $29.40 billion market cap company. The stock decreased 0.28% or $0.48 during the last trading session, reaching $168.28. About 125,861 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since March 23, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Carmignac Gestion, which manages about $13.01 billion US Long portfolio, upped its stake in Tripadvisor Inc (NASDAQ:TRIP) by 585,879 shares to 6.85M shares, valued at $277.67 million in 2017Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 742,121 shares in the quarter, for a total of 5.42M shares, and has risen its stake in Mercadolibre Inc (NASDAQ:MELI).

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on April, 25. They expect $-0.07 EPS, up 61.11 % or $0.11 from last year’s $-0.18 per share. After $-0.23 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -69.57 % EPS growth.

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 $194 highest and $65 lowest target. $140.76’s average target is -16.35% below currents $168.28 stock price. ServiceNow Inc had 119 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Northland Capital on Monday, July 24. As per Tuesday, December 29, the company rating was initiated by CapitalOne. Piper Jaffray maintained ServiceNow, Inc. (NYSE:NOW) on Monday, October 16 with “Hold” rating. The firm has “Buy” rating given on Wednesday, January 10 by Guggenheim. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Mizuho on Friday, July 15. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. Cowen & Co initiated the shares of NOW in report on Friday, June 24 with “Outperform” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $125.0 target in Friday, October 6 report. Piper Jaffray maintained ServiceNow, Inc. (NYSE:NOW) rating on Tuesday, January 16. Piper Jaffray has “Buy” rating and $160.0 target.

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