It’s been a crucial week for ServiceNow, Inc. (NYSE:NOW); here’s what analysts have to say.

September 14, 2018 - By Glen Chin

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment increased to 1.28 in Q2 2018. Its up 0.25, from 1.03 in 2018Q1. It increased, as 37 investors sold ServiceNow, Inc. shares while 140 reduced holdings. 73 funds opened positions while 154 raised stakes. 167.12 million shares or 0.19% more from 166.80 million shares in 2018Q1 were reported.
Aviva Plc invested 0.09% in ServiceNow, Inc. (NYSE:NOW). Advsr Asset stated it has 0.05% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Capital Fund Mgmt Sa holds 0.06% or 65,594 shares in its portfolio. Foxhaven Asset Management Lp owns 389,904 shares. Goldman Sachs Grp Inc reported 0.09% stake. One National Association owns 6,185 shares for 0.08% of their portfolio. Usca Ria Limited Liability holds 2,000 shares or 0.04% of its portfolio. Jacobs Levy Equity Management reported 0.44% in ServiceNow, Inc. (NYSE:NOW). Ameriprise Financial stated it has 3.27M shares. Engineers Gate Manager L P reported 0.37% in ServiceNow, Inc. (NYSE:NOW). Meiji Yasuda Asset Company Limited invested 0.04% in ServiceNow, Inc. (NYSE:NOW). Moreover, Clough Cap Ptnrs L P has 0.84% invested in ServiceNow, Inc. (NYSE:NOW). Bnp Paribas Asset Management Sa reported 141,377 shares. Nippon Life Glob Invsts Americas holds 12,430 shares or 0.17% of its portfolio. Peapack Gladstone Financial holds 0.01% or 1,308 shares in its portfolio.

Since April 2, 2018, it had 0 insider buys, and 25 sales for $112.56 million activity. Shares for $5.66M were sold by LUDDY FREDERIC B on Wednesday, April 18. $383,514 worth of ServiceNow, Inc. (NYSE:NOW) shares were sold by Desai Chirantan Jitendra. 12,504 shares were sold by WADORS PATRICIA L, worth $2.25M on Friday, August 17. Scarpelli Michael sold 37,706 shares worth $6.72M. $581,344 worth of ServiceNow, Inc. (NYSE:NOW) was sold by Sands Anita M. $1.86M worth of ServiceNow, Inc. (NYSE:NOW) was sold by Schneider David.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 17 analysts covering ServiceNow (NYSE:NOW), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. ServiceNow had 24 analyst reports since March 16, 2018 according to SRatingsIntel. The rating was maintained by Macquarie Research with “Outperform” on Thursday, April 26. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 26. As per Thursday, July 26, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets on Sunday, April 1 with “Buy”. The stock has “Strong Buy” rating by Raymond James on Tuesday, May 8. Raymond James maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, April 26 with “Strong Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, July 26. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Neutral” rating by JP Morgan on Thursday, April 26. Stifel Nicolaus maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, April 26. Stifel Nicolaus has “Hold” rating and $165 target. Barclays Capital maintained the shares of NOW in report on Thursday, April 26 with “Overweight” rating. Below is a list of ServiceNow, Inc. (NYSE:NOW) latest ratings and price target changes.

07/09/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $198 New Target: $235 Maintain
27/07/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $163 New Target: $200 Maintain
26/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $180 New Target: $215 Maintain
26/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $172 New Target: $198 Maintain
26/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $165 New Target: $180 Maintain
26/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $194 New Target: $210 Maintain
25/07/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $203 New Target: $210 Maintain
12/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $185 New Target: $195 Maintain
31/05/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $175 New Target: $200 Maintain
08/05/2018 Broker: FBN Securities Rating: Buy New Target: $185.0000 Maintain

The stock decreased 0.67% or $1.37 during the last trading session, reaching $203.21. About 966,500 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 74.41% since September 14, 2017 and is uptrending. It has outperformed by 58.79% the S&P500.

ServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company has market cap of $36.16 billion. The firm offers service management solutions for customer support, human resources, security operations, and other enterprise departments. It currently has negative earnings. It operates ServiceNow platform that provides workflow, configuration management database, service catalog, service portal, knowledge management, reporting and analytics, data benchmarking, visual task boards, built-in and optional encryption capabilities, and collaboration and developer tools.

More news for ServiceNow, Inc. (NYSE:NOW) were recently published by: Seekingalpha.com, which released: “An Explosive Large-Cap Growth Story!” on September 04, 2018. Seekingalpha.com‘s article titled: “ServiceNow: Still Spending Heavily On Growth Despite Wide Moat” and published on August 20, 2018 is yet another important article.

ServiceNow, Inc. (NYSE:NOW) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.