Manning & Napier Advisors LLC Raised Its Holding in Servicenow INC (NOW) by $76.91 Million as Shares Rose

June 19, 2017 - By Ellis Scott

Investors sentiment decreased to 0.94 in Q4 2016. Its down 0.23, from 1.17 in 2016Q3. It dived, as 41 investors sold NOW shares while 113 reduced holdings. 53 funds opened positions while 92 raised stakes. 158.52 million shares or 2.18% less from 162.05 million shares in 2016Q3 were reported. Prudential Finance holds 5,500 shares or 0% of its portfolio. Moreover, Cowen Grp Inc Inc has 0.07% invested in ServiceNow Inc (NYSE:NOW). Moreover, Bessemer Group Incorporated has 0% invested in ServiceNow Inc (NYSE:NOW) for 4,090 shares. Marshall Wace Ltd Liability Partnership has 47,366 shares. Pioneer holds 179,157 shares or 0.05% of its portfolio. First Mercantile Tru Co stated it has 0.11% of its portfolio in ServiceNow Inc (NYSE:NOW). Ameriprise Inc reported 5.47M shares stake. Federated Investors Pa, a Pennsylvania-based fund reported 1.28 million shares. 581,755 are held by Zevenbergen Capital Limited Co. Sands Lc stated it has 3.98 million shares. Paloma Prns Co, a Connecticut-based fund reported 28,965 shares. Janus Cap Limited Liability reported 10,163 shares. State Bank Of America De holds 2.00M shares. Neuberger Berman Gp Incorporated Lc invested in 0.02% or 211,120 shares. Jefferies Limited Liability Corporation holds 15,012 shares.

Since December 21, 2016, it had 1 buy, and 17 sales for $146.29 million activity. Slootman Frank sold $12.98M worth of stock. 11,236 shares valued at $1.10M were bought by Donahoe John J on Monday, May 8. $9.69M worth of ServiceNow Inc (NYSE:NOW) was sold by LUDDY FREDERIC B on Wednesday, May 3. The insider Schneider David sold $205,863. STRAUSS WILLIAM L sold $2.31M worth of stock. 2,107 shares valued at $192,095 were sold by Sands Anita M on Wednesday, February 1.

Manning & Napier Advisors Llc increased its stake in Servicenow Inc (NOW) by 20.4% based on its latest 2016Q4 regulatory filing with the SEC. Manning & Napier Advisors Llc bought 1.04 million shares as the company’s stock rose 7.07% with the market. The institutional investor held 6.13M shares of the technology company at the end of 2016Q4, valued at $455.98M, up from 5.09M at the end of the previous reported quarter. Manning & Napier Advisors Llc who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $17.56B market cap company. The stock rose 2.18% or $2.21 reaching $103.41 per share. About 355,205 shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since June 19, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Manning & Napier Advisors Llc, which manages about $52.21B and $15.29B US Long portfolio, decreased its stake in Flowserve Corp (NYSE:FLS) by 244,297 shares to 3.75M shares, valued at $180.22 million in 2016Q4, according to the filing. It also reduced its holding in Cerner Corp (NASDAQ:CERN) by 4.33 million shares in the quarter, leaving it with 3.87M shares, and cut its stake in Slm Corp (NASDAQ:SLM).

More news for ServiceNow Inc (NYSE:NOW) were recently published by: Businesswire.com, which released: “ServiceNow Prices $750 Million of 0% Convertible Senior Notes Due 2022” on May 24, 2017. Businesswire.com‘s article titled: “ServiceNow to Offer $750 Million of Convertible Senior Notes Due 2022” and published on May 22, 2017 is yet another important article.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Among 28 analysts covering ServiceNow Inc (NYSE:NOW), 20 have Buy rating, 0 Sell and 8 Hold. Therefore 71% are positive. ServiceNow Inc had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 26 by Mizuho. The rating was downgraded by Mizuho on Thursday, January 28 to “Neutral”. Goldman Sachs maintained ServiceNow Inc (NYSE:NOW) on Thursday, April 21 with “Neutral” rating. The stock has “Perform” rating by Oppenheimer on Friday, June 17. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, June 1. The stock has “Buy” rating by BTIG Research on Thursday, September 10. The firm has “Outperform” rating given on Thursday, April 21 by Robert W. Baird. The rating was maintained by Brean Capital with “Buy” on Thursday, July 30. As per Thursday, April 21, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by Argus Research given on Thursday, April 14.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.