TCW Group Inc. trimmed its stake in ServiceNow Inc (NYSE:NOW) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,505,755 shares of the information technology services provider’s stock after selling 41,007 shares during the period. ServiceNow comprises about 1.6% of TCW Group Inc.’s investment portfolio, making the stock its 12th biggest position. TCW Group Inc.’s holdings in ServiceNow were worth $196,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC acquired a new stake in ServiceNow in the 3rd quarter worth $118,000. Exane Derivatives grew its position in ServiceNow by 90.3% in the 4th quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 439 shares during the last quarter. Cerebellum GP LLC acquired a new stake in ServiceNow in the 4th quarter worth $131,000. Roble Belko & Company Inc grew its position in ServiceNow by 5,263.2% in the 4th quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock worth $133,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Rockefeller Financial Services Inc. acquired a new stake in ServiceNow in the 3rd quarter worth $138,000. Institutional investors own 98.41% of the company’s stock.
In other ServiceNow news, Director Frederic B. Luddy sold 170,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $129.43, for a total value of $22,003,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Scarpelli sold 95,035 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the completion of the transaction, the insider now directly owns 194,664 shares of the company’s stock, valued at $24,628,889.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 545,302 shares of company stock valued at $73,917,711. Insiders own 3.30% of the company’s stock.
ServiceNow Inc (NYSE NOW) opened at $154.03 on Monday. ServiceNow Inc has a 12 month low of $83.42 and a 12 month high of $157.00. The firm has a market cap of $26,600.98, a PE ratio of -177.04, a price-to-earnings-growth ratio of 35.05 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The company had revenue of $546.37 million during the quarter, compared to the consensus estimate of $532.74 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 41.7% on a year-over-year basis. sell-side analysts anticipate that ServiceNow Inc will post 0.1 EPS for the current year.
WARNING: This news story was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2018/02/19/servicenow-inc-now-shares-sold-by-tcw-group-inc.html.
ServiceNow Company Profile
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.
Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow Inc (NYSE:NOW).
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.