Teachers Advisors LLC Has $58.41 Million Holdings in ServiceNow, Inc. (NOW)

Teachers Advisors LLC reduced its position in shares of ServiceNow, Inc. (NYSE:NOW) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,065 shares of the information technology services provider’s stock after selling 147,899 shares during the quarter. Teachers Advisors LLC owned 0.32% of ServiceNow worth $58,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NOW. FMR LLC raised its position in ServiceNow by 91.1% during the first quarter. FMR LLC now owns 3,280,069 shares of the information technology services provider’s stock worth $286,908,000 after acquiring an additional 1,563,778 shares in the last quarter. Vanguard Group Inc. raised its position in ServiceNow by 8.1% during the first quarter. Vanguard Group Inc. now owns 13,244,656 shares of the information technology services provider’s stock worth $1,158,511,000 after acquiring an additional 994,461 shares in the last quarter. Renaissance Technologies LLC raised its position in ServiceNow by 770.6% during the first quarter. Renaissance Technologies LLC now owns 1,072,600 shares of the information technology services provider’s stock worth $93,820,000 after acquiring an additional 949,400 shares in the last quarter. Allen Investment Management LLC bought a new stake in ServiceNow during the second quarter worth $45,372,000. Finally, Federated Investors Inc. PA raised its position in ServiceNow by 29.4% during the second quarter. Federated Investors Inc. PA now owns 1,723,732 shares of the information technology services provider’s stock worth $182,716,000 after acquiring an additional 391,932 shares in the last quarter.

In other ServiceNow news, insider Michael Scarpelli sold 75,000 shares of ServiceNow stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.68, for a total transaction of $8,076,000.00. Following the completion of the transaction, the insider now owns 252,368 shares of the company’s stock, valued at approximately $27,174,986.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic B. Luddy sold 82,500 shares of ServiceNow stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $116.13, for a total value of $9,580,725.00. Following the transaction, the director now directly owns 29,990 shares of the company’s stock, valued at approximately $3,482,738.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,176,353 shares of company stock valued at $130,353,261 in the last ninety days. Insiders own 3.30% of the company’s stock.

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NOW has been the topic of several analyst reports. Moffett Nathanson initiated coverage on shares of ServiceNow in a research report on Wednesday, September 6th. They set a “buy” rating on the stock. BidaskClub lowered shares of ServiceNow from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Robert W. Baird reaffirmed a “buy” rating and set a $120.00 price target on shares of ServiceNow in a research report on Friday, September 1st. ValuEngine raised shares of ServiceNow from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Sanford C. Bernstein initiated coverage on shares of ServiceNow in a research report on Wednesday, May 24th. They set an “outperform” rating and a $120.00 price target on the stock. Eight analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $117.40.

Shares of ServiceNow, Inc. (NYSE NOW) opened at 116.11 on Friday. The firm’s 50-day moving average is $111.34 and its 200-day moving average is $100.82. The firm’s market capitalization is $19.82 billion. ServiceNow, Inc. has a 52 week low of $72.80 and a 52 week high of $118.64.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. ServiceNow had a negative return on equity of 29.05% and a negative net margin of 10.17%. The business had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $462.11 million. During the same period in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. Equities analysts anticipate that ServiceNow, Inc. will post $1.17 EPS for the current year.

About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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