Servicenow INC (NOW) Valuation Rose While Sands Capital Management LLC Upped by $55.42 Million Its Position

May 17, 2018 - By Alfred Lee

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment decreased to 1.05 in 2017 Q4. Its down 0.33, from 1.38 in 2017Q3. It dropped, as 42 investors sold NOW shares while 132 reduced holdings. 67 funds opened positions while 116 raised stakes. 167.59 million shares or 1.79% less from 170.65 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement reported 248,691 shares. Engineers Gate Manager LP owns 1,733 shares. First Foundation Advisors reported 0.06% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Glynn Management Ltd Limited Liability Company holds 4.45% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 158,733 shares. Seatown Pte Ltd holds 2.19% or 177,677 shares. Glg Ltd Liability Co accumulated 8,318 shares. Sei Invests has 159,470 shares. Salem Invest Counselors holds 196 shares. Vigilant Mngmt Ltd Limited Liability Company owns 274 shares. Goldman Sachs Grp invested in 0.08% or 2.48M shares. Bessemer Gru Inc reported 0% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Jane Street Grp Ltd Llc has invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Hsbc Hldg Public Limited Company holds 51,979 shares or 0.01% of its portfolio. Lenox Wealth Incorporated holds 0.01% or 269 shares in its portfolio. Los Angeles Management & Equity Rech holds 0.05% or 75,711 shares in its portfolio.

Since January 9, 2018, it had 0 buys, and 19 sales for $109.13 million activity. The insider LUDDY FREDERIC B sold 100,000 shares worth $13.54M. Shares for $246,234 were sold by Sands Anita M on Friday, February 2. $2.08M worth of stock was sold by MILLER JEFFREY A on Tuesday, February 27. Scarpelli Michael sold $6.72 million worth of stock or 37,706 shares. 100,000 shares valued at $16.02M were sold by Slootman Frank on Thursday, March 1. Another trade for 19,673 shares valued at $2.80M was sold by BOSTROM SUSAN L.

Sands Capital Management Llc increased its stake in Servicenow Inc (NOW) by 5.58% based on its latest 2017Q4 regulatory filing with the SEC. Sands Capital Management Llc bought 426,311 shares as the company’s stock rose 26.03% while stock markets declined. The institutional investor held 8.07M shares of the technology company at the end of 2017Q4, valued at $1.05B, up from 7.64 million at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $30.22 billion market cap company. The stock decreased 0.05% or $0.08 during the last trading session, reaching $171.07. About 739,003 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 91.85% since May 17, 2017 and is uptrending. It has outperformed by 80.30% the S&P500.

Sands Capital Management Llc, which manages about $42.07 billion and $32.98 billion US Long portfolio, decreased its stake in Priceline Grp Inc (NASDAQ:PCLN) by 31,195 shares to 835,581 shares, valued at $1.45B in 2017Q4, according to the filing. It also reduced its holding in Lendingclub Corp (NYSE:LC) by 23.65M shares in the quarter, leaving it with 77,527 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

More notable recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “Will ServiceNow Make Any Acquisitions In India?” on May 04, 2018, also Seekingalpha.com with their article: “Corvex adds ServiceNow, exits Comcast in Q1” published on May 15, 2018, Seekingalpha.com published: “ServiceNow 2018 Q1 – Results – Earnings Call Slides” on April 25, 2018. More interesting news about ServiceNow, Inc. (NYSE:NOW) were released by: Seekingalpha.com and their article: “ServiceNow To Acquire VendorHawk For Subscription Management” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “ServiceNow: Precarious Valuation Weighs On Good Results” with publication date: April 30, 2018.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 22 analysts covering ServiceNow (NYSE:NOW), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. ServiceNow had 39 analyst reports since December 12, 2017 according to SRatingsIntel. The rating was maintained by Raymond James with “Strong Buy” on Thursday, April 26. The stock of ServiceNow, Inc. (NYSE:NOW) has “Neutral” rating given on Thursday, April 26 by JP Morgan. Barclays Capital maintained it with “Overweight” rating and $180 target in Tuesday, February 20 report. FBN Securities maintained ServiceNow, Inc. (NYSE:NOW) on Tuesday, May 8 with “Buy” rating. The company was initiated on Monday, January 22 by Mizuho. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Bank of America on Tuesday, January 30. RBC Capital Markets maintained it with “Buy” rating and $160.0 target in Thursday, February 1 report. The firm earned “Buy” rating on Wednesday, January 31 by BMO Capital Markets. On Thursday, February 1 the stock rating was maintained by Stephens with “Buy”. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Credit Suisse on Tuesday, January 16.

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

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