Servicenow INC (NOW) Holder Sands Capital Management LLC Has Boosted Its Holding by $55.42 Million

May 17, 2018 - By Lindsey Sherman

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment decreased to 1.05 in 2017 Q4. Its down 0.33, from 1.38 in 2017Q3. It fall, 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. Swiss Bancorp has 0.09% invested in ServiceNow, Inc. (NYSE:NOW). Partner Fund Mgmt Limited Partnership holds 527,341 shares or 1.63% of its portfolio. Seabridge Advisors Ltd Liability reported 1,000 shares. Shine Investment Advisory Service Incorporated owns 324 shares for 0.02% of their portfolio. Wellington Mngmt Group Inc Llp has invested 0.31% in ServiceNow, Inc. (NYSE:NOW). Brinker Cap Incorporated reported 0.02% stake. Glg Ltd Liability Company holds 0.08% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 8,318 shares. Barclays Public stated it has 0.03% in ServiceNow, Inc. (NYSE:NOW). Tiaa Cref Investment Mngmt Ltd Co holds 1.34 million shares. Avalon Glob Asset Management Limited Liability Corp has 73,200 shares. Cullen Frost Bankers Inc reported 81,557 shares or 0.34% of all its holdings. Asset Management One Company holds 0.08% or 288,276 shares in its portfolio. Richard Bernstein Advisors Ltd Liability Corporation owns 3,417 shares or 0.02% of their US portfolio. Group One Trading LP accumulated 11,360 shares or 0.01% of the stock. 1832 Asset Management Limited Partnership reported 0.5% stake.

Since January 9, 2018, it had 0 buys, and 19 selling transactions for $109.13 million activity. Scarpelli Michael sold 25,000 shares worth $3.68 million. The insider Sands Anita M sold $246,234. The insider MILLER JEFFREY A sold 12,821 shares worth $2.08 million. Desai Chirantan Jitendra had sold 30,000 shares worth $4.84M. $374,412 worth of stock was sold by Schneider David on Thursday, February 22. Slootman Frank sold $16.02 million worth of stock or 100,000 shares.

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 $1.05 billion, up from 7.64M 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 Costar Group Inc (NASDAQ:CSGP) by 70,970 shares to 1.48M shares, valued at $438.47 million in 2017Q4, according to the filing. It also reduced its holding in Salesforce Com Inc (NYSE:CRM) by 561,880 shares in the quarter, leaving it with 12.84 million shares, and cut its stake in Visa Inc (NYSE:V).

More notable recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “ServiceNow: Precarious Valuation Weighs On Good Results” on April 30, 2018, also Seekingalpha.com with their article: “Will ServiceNow Make Any Acquisitions In India?” published on May 04, 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: “Corvex adds ServiceNow, exits Comcast in Q1” with publication date: May 15, 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. As per Monday, April 30, the company rating was maintained by Piper Jaffray. KeyBanc Capital Markets maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, February 1 with “Overweight” rating. The firm earned “Buy” rating on Wednesday, April 25 by BMO Capital Markets. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Guggenheim on Thursday, February 1. Bank of America maintained ServiceNow, Inc. (NYSE:NOW) on Tuesday, January 30 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 1 report. Robert W. Baird maintained ServiceNow, Inc. (NYSE:NOW) rating on Friday, March 16. Robert W. Baird has “Buy” rating and $190.0 target. On Thursday, February 1 the stock rating was maintained by Stifel Nicolaus with “Hold”. The company was maintained on Thursday, February 1 by Barclays Capital. On Thursday, February 1 the stock rating was maintained by Robert W. Baird with “Buy”.

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

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