Servicenow INC (NOW) Holder Partner Fund Management LP Cut Holding

March 14, 2018 - By Winifred Garcia

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.15, from 1.23 in 2017Q2. It increased, 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 Interest Grp Incorporated reported 2,686 shares. Colorado-based Shine Advisory has invested 0.03% in ServiceNow, Inc. (NYSE:NOW). 1.41 million are held by 1832 Asset Management Ltd Partnership. Sheets Smith Wealth owns 32,800 shares. Emerald Advisers Pa has 21,563 shares for 0.1% of their portfolio. Swiss Fincl Bank accumulated 626,200 shares or 0.08% of the stock. Pension Ser has 174,461 shares. Raymond James Finance Ser invested 0.04% in ServiceNow, Inc. (NYSE:NOW). Moreover, Millennium Lc has 0.1% invested in ServiceNow, Inc. (NYSE:NOW) for 578,224 shares. Suntrust Banks owns 19,666 shares or 0.01% of their US portfolio. Nomura Asset Mngmt Ltd holds 0.26% or 172,803 shares in its portfolio. Gulf Intll National Bank & Trust (Uk) Ltd has 0.08% invested in ServiceNow, Inc. (NYSE:NOW) for 53,555 shares. Canada Pension Plan Investment Board has invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Partner Invest Lp holds 1.37% or 12,290 shares. State Street reported 0.03% of its portfolio in ServiceNow, Inc. (NYSE:NOW).

Since October 2, 2017, it had 0 buys, and 14 selling transactions for $79.78 million activity. $2.08M worth of stock was sold by MILLER JEFFREY A on Tuesday, February 27. $246,234 worth of ServiceNow, Inc. (NYSE:NOW) shares were sold by Sands Anita M. LUDDY FREDERIC B also sold $12.05 million worth of ServiceNow, Inc. (NYSE:NOW) on Tuesday, October 10. On Thursday, February 22 the insider Schneider David sold $374,412. $3.09 million worth of ServiceNow, Inc. (NYSE:NOW) was sold by Desai Chirantan Jitendra on Friday, February 16. Another trade for 19,673 shares valued at $2.80M was made by BOSTROM SUSAN L on Friday, February 9.

Christopher Medlock James decreased its stake in Servicenow Inc (NOW) by 14.8% based on its latest 2017Q3 regulatory filing with the SEC. Partner Fund Management Lp sold 91,546 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Christopher Medlock James held 527,190 shares of the technology company at the end of 2017Q3, valued at $61.96 million, down from 618,736 at the end of the previous reported quarter. Partner Fund Management Lp who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $30.63 billion market cap company. The stock increased 0.79% or $1.38 during the last trading session, reaching $175.34. About 1.40M shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since March 14, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Partner Fund Management Lp, which manages about $5.09 billion US Long portfolio, upped its stake in Merit Med Sys Inc (NASDAQ:MMSI) by 322,539 shares to 707,440 shares, valued at $29.96 million in 2017Q3, according to the filing. It also increased its holding in Invuity Inc by 477,532 shares in the quarter, for a total of 929,293 shares, and has risen its stake in Jounce Therapeutics Inc.

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.

More news for ServiceNow, Inc. (NYSE:NOW) were recently published by:, which released: “Tenable and ServiceNow Form Strategic Security Alliance to Reduce Cyber Risk” on February 28, 2018.‘s article titled: “IT Services Stocks’ Research Reports Released on Qudian, Sabre, ServiceNow …” and published on March 12, 2018 is yet another important article.

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 had 117 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan downgraded it to “Hold” rating and $138.0 target in Tuesday, December 12 report. The rating was initiated by BTIG Research on Thursday, September 10 with “Buy”. The stock has “Overweight” rating by JP Morgan on Friday, June 23. The firm has “Buy” rating by Mizuho given on Friday, July 15. The rating was initiated by Mizuho on Monday, January 22 with “Buy”. KeyBanc Capital Markets maintained it with “Overweight” rating and $150 target in Thursday, October 26 report. On Friday, December 11 the stock rating was initiated by Goldman Sachs with “Neutral”. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, February 1. The company was maintained on Thursday, January 26 by Mizuho. The company was maintained on Thursday, July 27 by Canaccord Genuity.

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