Partner Fund Management LP Has Decreased Servicenow INC (NOW) Position as Market Valuation Rose

March 14, 2018 - By Maria Brooks

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.15, from 1.23 in 2017Q2. It improved, as 23 investors sold NOW shares while 115 reduced holdings. 61 funds opened positions while 130 raised stakes. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported. Columbus Hill Capital LP has 297,513 shares for 2.49% of their portfolio. Moreover, North Star Investment Mngmt has 0% invested in ServiceNow, Inc. (NYSE:NOW). 1.25 million were reported by Geode Mgmt Ltd Liability. Moreover, Schroder Inv Mngmt Grp Inc has 0.01% invested in ServiceNow, Inc. (NYSE:NOW) for 35,384 shares. Envestnet Asset Mngmt holds 18,938 shares. Salem Inv Counselors has 196 shares. Natixis Asset Management invested in 0.17% or 17,169 shares. Investec Asset Management Limited owns 0.03% invested in ServiceNow, Inc. (NYSE:NOW) for 66,635 shares. M&T Bancshares reported 23,631 shares. Eaton Vance reported 0.06% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Ngam Advsr Lp owns 10,358 shares for 0.01% of their portfolio. Victory Mgmt invested 0.13% in ServiceNow, Inc. (NYSE:NOW). Tiaa Cref Invest Mgmt Ltd Liability Com holds 1.69M shares. 2.64 million are held by Goldman Sachs Grp Inc. Cls Limited Liability Corp owns 310 shares.

Since October 2, 2017, it had 0 insider buys, and 14 insider sales for $79.78 million activity. On Tuesday, January 9 LUDDY FREDERIC B sold $13.54 million worth of ServiceNow, Inc. (NYSE:NOW) or 100,000 shares. $2.08M worth of stock was sold by MILLER JEFFREY A on Tuesday, February 27. Desai Chirantan Jitendra also sold $4.84 million worth of ServiceNow, Inc. (NYSE:NOW) on Monday, February 26. The insider Slootman Frank sold 100,000 shares worth $16.02M. Shares for $246,234 were sold by Sands Anita M. BOSTROM SUSAN L sold $2.80 million worth of stock.

Christopher Medlock James decreased its stake in Servicenow Inc (NOW) by 14.8% based on its latest 2017Q3 regulatory filing with the SEC. Partner Fund Management Lp sold 91,546 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Christopher Medlock James held 527,190 shares of the technology company at the end of 2017Q3, valued at $61.96 million, down from 618,736 at the end of the previous reported quarter. Partner Fund Management Lp who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $30.63B market cap company. The stock increased 0.79% or $1.38 during the last trading session, reaching $175.34. About 1.40M shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since March 14, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Partner Fund Management Lp, which manages about $5.09B US Long portfolio, upped its stake in Esperion Therapeutics Inc Ne (NASDAQ:ESPR) by 334,702 shares to 548,682 shares, valued at $27.50 million in 2017Q3, according to the filing. It also increased its holding in Medicines Co (NASDAQ:MDCO) by 393,803 shares in the quarter, for a total of 1.50M shares, and has risen its stake in Alphabet Inc.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on April, 25. They expect $-0.07 EPS, up 61.11 % or $0.11 from last year’s $-0.18 per share. After $-0.23 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -69.57 % EPS growth.

More news for ServiceNow, Inc. (NYSE:NOW) were recently published by:, which released: “Tenable and ServiceNow Form Strategic Security Alliance to Reduce Cyber Risk” on February 28, 2018.‘s article titled: “IT Services Stocks’ Research Reports Released on Qudian, Sabre, ServiceNow …” and published on March 12, 2018 is yet another important article.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. ServiceNow Inc had 117 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ServiceNow, Inc. (NYSE:NOW) has “Outperform” rating given on Thursday, April 21 by Robert W. Baird. RBC Capital Markets maintained it with “Buy” rating and $11000 target in Monday, May 29 report. The firm has “Buy” rating given on Thursday, February 1 by Robert W. Baird. The company was initiated on Friday, June 24 by Cowen & Co. The firm has “Overweight” rating given on Friday, June 23 by JP Morgan. JMP Securities maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, October 26. JMP Securities has “Market Outperform” rating and $140 target. As per Tuesday, January 30, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Tuesday, October 17 by Northland Capital. The company was maintained on Thursday, October 26 by BMO Capital Markets. The firm earned “Hold” rating on Tuesday, December 12 by J.P. Morgan.

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