Servicenow Inc (NYSE:NOW): Stock Institutional Investors Feel Good About

October 12, 2017 - By Marguerite Chambers

 Servicenow Inc (NYSE:NOW): Stock Institutional Investors  Feel Good About

Sentiment for Servicenow Inc (NYSE:NOW)

Servicenow Inc (NYSE:NOW) institutional sentiment decreased to 1.23 in 2017 Q2. Its down -0.12, from 1.35 in 2017Q1. The ratio dived, as 185 investment professionals increased or opened new stock positions, while 151 cut down and sold equity positions in Servicenow Inc. The investment professionals in our partner’s database now own: 167.38 million shares, up from 158.61 million shares in 2017Q1. Also, the number of investment professionals holding Servicenow Inc in their top 10 stock positions increased from 8 to 9 for an increase of 1. Sold All: 47 Reduced: 104 Increased: 114 New Position: 71.

ServiceNow, Inc. is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The company has market cap of $21.06 billion. The Firm offers a set of cloud services that automate workflow within and between departments in an enterprise. It currently has negative earnings. It provides workflow solutions, and focuses on service management for customer support, human resources, security activities and other enterprise departments.

About 325,329 shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since October 12, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Investors wait ServiceNow Inc (NYSE:NOW) to report on October, 25. its quarterly earnings Wall Street analysts expect $-0.05 earnings per share, up $0.10 or 66.67 % from last year’s $-0.15 same quarter earnings. ServiceNow Inc’s Wall Street analysts see -80.00 % EPS growth, taking into account the $-0.25 EPS reproted in the previous quarter,

Scge Management L.P. holds 9.41% of its portfolio in ServiceNow Inc for 350,000 shares. Shearlink Capital Llc owns 200,790 shares or 9.37% of their US portfolio. Moreover, Dragoneer Investment Group Llc has 9.08% invested in the company for 497,977 shares. The California-based Criterion Capital Management Llc has invested 5.93% in the stock. Avalon Global Asset Management Llc, a California-based fund reported 88,200 shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 6 selling transactions for $57.58 million activity.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Ratings analysis reveals 81% of ServiceNow Inc’s analysts are positive. Out of 37 Wall Street analysts rating ServiceNow Inc, 30 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $65 while the high is $150.0. The stock’s average target of $109.84 is -10.11% below today’s ($122.2) share price. NOW was included in 74 notes of analysts from July 21, 2015. Canaccord Genuity maintained it with “Buy” rating and $11000 target in Thursday, July 6 report. The company was initiated on Thursday, February 18 by Wunderlich. The company was reinitiated on Friday, April 1 by Piper Jaffray. On Wednesday, September 6 the stock rating was initiated by Moffett Nathanson with “Buy”. The rating was downgraded by Mizuho to “Neutral” on Thursday, January 28. The rating was upgraded by BMO Capital Markets on Thursday, October 27 to “Outperform”. On Thursday, July 20 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Piper Jaffray on Thursday, July 27 with “Hold”. The firm has “Sector Weight” rating given on Friday, December 18 by KeyBanc Capital Markets. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 11.

Another recent and important ServiceNow Inc (NYSE:NOW) news was published by Nasdaq.com which published an article titled: “Allen Investment Management LLC Buys ServiceNow Inc, Lowe’s Inc …” on September 22, 2017.

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