Livforsakringsbolaget Skandia Omsesidigt Increased Position in Servicenow INC (NOW) by $4.06 Million as Market Valuation Rose

June 18, 2018 - By Louis Casey

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment decreased to 1.03 in Q1 2018. Its down 0.02, from 1.05 in 2017Q4. It is negative, as 34 investors sold NOW shares while 154 reduced holdings. 74 funds opened positions while 120 raised stakes. 166.80 million shares or 0.47% less from 167.59 million shares in 2017Q4 were reported. 1.53M are owned by Federated Inc Pa. Gateway Invest Advisers Ltd Liability Com holds 0.08% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 52,582 shares. Etrade Mngmt Llc accumulated 2,245 shares or 0.01% of the stock. Dimensional Fund Advsr Limited Partnership reported 0.01% in ServiceNow, Inc. (NYSE:NOW). Moreover, Cwm Limited Liability Co has 0% invested in ServiceNow, Inc. (NYSE:NOW) for 30 shares. Rhumbline Advisers holds 0.07% in ServiceNow, Inc. (NYSE:NOW) or 197,361 shares. Atika Cap Limited Liability Corp reported 20,000 shares. Quantitative Systematic Strategies, Connecticut-based fund reported 2,534 shares. Sands Capital Mgmt Limited Liability Co, a Virginia-based fund reported 7.40 million shares. Qs Invsts Limited Liability reported 2,105 shares. Natl Asset, New York-based fund reported 2,372 shares. Moody Bancorp Tru Division holds 0.03% in ServiceNow, Inc. (NYSE:NOW) or 4,034 shares. Peapack Gladstone has 0% invested in ServiceNow, Inc. (NYSE:NOW). Mackenzie Financial invested in 87,510 shares or 0.04% of the stock. Panagora Asset Mgmt Incorporated has 0.01% invested in ServiceNow, Inc. (NYSE:NOW).

Since January 9, 2018, it had 0 buys, and 29 selling transactions for $138.62 million activity. 25,000 shares valued at $3.68M were sold by Scarpelli Michael on Wednesday, February 14. 2,836 ServiceNow, Inc. (NYSE:NOW) shares with value of $487,111 were sold by Desai Chirantan Jitendra. Sands Anita M also sold $74,953 worth of ServiceNow, Inc. (NYSE:NOW) shares. 14,923 shares were sold by Schneider David, worth $2.58 million. MILLER JEFFREY A sold 12,821 shares worth $2.08M. 32,500 ServiceNow, Inc. (NYSE:NOW) shares with value of $5.65M were sold by LUDDY FREDERIC B.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Servicenow Inc (NOW) by 23.46% based on its latest 2018Q1 regulatory filing with the SEC. Livforsakringsbolaget Skandia Omsesidigt bought 600 shares as the company’s stock rose 10.06% while stock markets declined. The institutional investor held 3,157 shares of the technology company at the end of 2018Q1, valued at $21.36M, up from 2,557 at the end of the previous reported quarter. Livforsakringsbolaget Skandia Omsesidigt who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $32.89 billion market cap company. The stock decreased 0.11% or $0.2 during the last trading session, reaching $186.15. About 904,482 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 69.08% since June 18, 2017 and is uptrending. It has outperformed by 56.51% the S&P500.

Livforsakringsbolaget Skandia Omsesidigt, which manages about $1.03B US Long portfolio, decreased its stake in Western Union Co (NYSE:WU) by 65,300 shares to 7,045 shares, valued at $1.35M in 2018Q1, according to the filing.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 22 analysts covering ServiceNow (NYSE:NOW), 20 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. ServiceNow has $202 highest and $150.0 lowest target. $178.41’s average target is -4.16% below currents $186.15 stock price. ServiceNow had 39 analyst reports since January 10, 2018 according to SRatingsIntel. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Thursday, March 1 by UBS. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by UBS on Tuesday, May 8. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Thursday, February 1 by Robert W. Baird. On Thursday, February 1 the stock rating was maintained by UBS with “Buy”. Piper Jaffray maintained the shares of NOW in report on Thursday, February 1 with “Buy” rating. Bank of America maintained the shares of NOW in report on Tuesday, January 30 with “Buy” rating. Guggenheim maintained it with “Buy” rating and $165.0 target in Thursday, February 1 report. Northland Capital maintained the shares of NOW in report on Thursday, February 1 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $160.0 target in Thursday, February 1 report. The firm earned “Hold” rating on Thursday, February 1 by Stifel Nicolaus.

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

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