Janus Henderson Group PLC Increases Stake in ServiceNow, Inc. (NOW)

Janus Henderson Group PLC grew its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 860,528 shares of the information technology services provider’s stock after purchasing an additional 34,362 shares during the period. Janus Henderson Group PLC owned approximately 0.50% of ServiceNow worth $91,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors acquired a new position in shares of ServiceNow during the second quarter valued at about $93,763,000. Capital World Investors acquired a new position in shares of ServiceNow during the second quarter valued at about $259,594,000. AHL Partners LLP acquired a new position in shares of ServiceNow during the second quarter valued at about $287,000. L & S Advisors Inc raised its holdings in shares of ServiceNow by 25.8% during the second quarter. L & S Advisors Inc now owns 51,350 shares of the information technology services provider’s stock valued at $5,443,000 after purchasing an additional 10,536 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of ServiceNow during the second quarter valued at about $2,346,000.

In related news, Director Frederic B. Luddy sold 102,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $110.09, for a total transaction of $11,229,180.00. Following the completion of the sale, the director now directly owns 11,190 shares in the company, valued at $1,231,907.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic B. Luddy sold 52,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.96, for a total transaction of $5,717,920.00. Following the sale, the director now owns 11,190 shares of the company’s stock, valued at $1,230,452.40. The disclosure for this sale can be found here. Insiders have sold 1,176,353 shares of company stock valued at $132,315,261 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on NOW shares. BidaskClub lowered shares of ServiceNow from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Seaport Global Securities lowered shares of ServiceNow from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. J P Morgan Chase & Co started coverage on shares of ServiceNow in a report on Friday, June 23rd. They set an “overweight” rating and a $125.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $141.00 price objective on shares of ServiceNow in a report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of ServiceNow from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $118.56.

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Shares of ServiceNow, Inc. (NYSE:NOW) opened at 120.96 on Wednesday. The company’s market capitalization is $20.65 billion. ServiceNow, Inc. has a 12 month low of $72.80 and a 12 month high of $122.45. The firm has a 50-day moving average of $115.63 and a 200-day moving average of $104.71.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $471.70 million during the quarter, compared to analyst estimates of $462.11 million. ServiceNow had a negative net margin of 10.17% and a negative return on equity of 29.05%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. On average, equities analysts predict that ServiceNow, Inc. will post $1.17 earnings per share for the current year.

About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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