Servicenow INC (NOW) Stake Upped by Columbus Circle Investors

December 5, 2017 - By Henry Gaston

Investors sentiment decreased to 1.23 in 2017 Q2. Its down 0.12, from 1.35 in 2017Q1. It dived, as 47 investors sold NOW shares while 104 reduced holdings. 71 funds opened positions while 114 raised stakes. 167.38 million shares or 5.53% more from 158.61 million shares in 2017Q1 were reported. Oppenheimer Asset Mngmt reported 0% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Pictet Asset Management invested 0.17% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Metropolitan Life Insurance Company Ny stated it has 0.01% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Janney Montgomery Scott Llc holds 0.01% or 4,962 shares. Credit Suisse Ag stated it has 0.02% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Sumitomo Mitsui Trust stated it has 0.07% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Sumitomo Mitsui Asset Mgmt holds 436,796 shares or 0.75% of its portfolio. Engineers Gate Manager Lp invested 0.5% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Ledyard Bancorp has 46 shares. Moreover, First Personal Svcs has 0.05% invested in ServiceNow, Inc. (NYSE:NOW). Stifel Financial invested in 0.01% or 15,637 shares. Com National Bank reported 2,090 shares. Tarbox Family Office has invested 0% in ServiceNow, Inc. (NYSE:NOW). Piedmont Limited Liability Company invested in 11,400 shares. Nomura Asset Mngmt Commerce Ltd invested 0.28% of its portfolio in ServiceNow, Inc. (NYSE:NOW).

Donald Chiboucis increased its stake in Servicenow Inc (NOW) by 46.53% based on its latest 2017Q2 regulatory filing with the SEC. Columbus Circle Investors bought 287,837 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Donald Chiboucis held 906,415 shares of the technology company at the end of 2017Q2, valued at $96.08M, up from 618,578 at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $20.37B market cap company. The stock increased 3.80% or $4.32 during the last trading session, reaching $117.94. About 775,583 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since December 5, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Columbus Circle Investors, which manages about $17.54B and $6.05 billion US Long portfolio, decreased its stake in Ebay Inc (NASDAQ:EBAY) by 1.48 million shares to 94,983 shares, valued at $3.32 million in 2017Q2, according to the filing. It also reduced its holding in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 91,610 shares in the quarter, leaving it with 112,836 shares, and cut its stake in Visa Inc (NYSE:V).

Another recent and important ServiceNow, Inc. (NYSE:NOW) news was published by Bizjournals.com which published an article titled: “ServiceNow CFO scales with integrity and humility” on December 01, 2017.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 34 have Buy rating, 0 Sell and 6 Hold. Therefore 85% are positive. ServiceNow Inc had 93 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, October 16, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by Canaccord Genuity given on Thursday, October 26. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by RBC Capital Markets on Sunday, October 1. The rating was initiated by Guggenheim with “Buy” on Thursday, September 15. Oppenheimer initiated ServiceNow, Inc. (NYSE:NOW) on Friday, June 17 with “Perform” rating. The rating was maintained by RBC Capital Markets on Wednesday, August 30 with “Buy”. Barclays Capital maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, October 26 with “Overweight” rating. The company was maintained on Thursday, July 27 by Oppenheimer. Raymond James maintained it with “Strong Buy” rating and $126 target in Thursday, July 27 report. The firm has “Neutral” rating by Piper Jaffray given on Friday, December 2.

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