Ithaka Group LLC Increased Its Servicenow INC (NOW) Stake by $4.27 Million as Shares Rose

June 29, 2018 - By Carey Conley

ServiceNow, Inc. (NYSE:NOW) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.03. That’s change of 0.02, from 2017Q4’s 1.05. 34 investors sold all, 154 reduced holdings as NOW ratio turned negative. 120 rose stakes while 74 funds amassed stakes. Funds hold 166.80 million shares thus 0.47% less from 2017Q4’s 167.59 million shares. Teachers Retirement Of The State Of Kentucky holds 40,890 shs or 0.08% of its capital. Great West Life Assurance Com Can has invested 0.04% in ServiceNow, Inc. (NYSE:NOW). Praesidium Inv Mngmt Company Ltd Liability Company invested in 5.31% or 389,834 shs. Seabridge Invest Ltd accumulated 700 shs. Legal & General Gru Public Limited Company invested 0.09% of its capital in ServiceNow, Inc. (NYSE:NOW). Invesco holds 0.06% in ServiceNow, Inc. (NYSE:NOW) or 1.05 million shs. Century has 0.27% invested in ServiceNow, Inc. (NYSE:NOW). Moreover, Company Bancshares has 0.31% invested in ServiceNow, Inc. (NYSE:NOW). Westpac Banking has invested 0% in ServiceNow, Inc. (NYSE:NOW). 45,120 were reported by Night Owl Capital Mgmt Ltd Limited Liability Company. Ardevora Asset Mngmt Ltd Liability Partnership stated it has 1.51% of its capital in ServiceNow, Inc. (NYSE:NOW). Cibc Mkts Inc has invested 0% of its capital in ServiceNow, Inc. (NYSE:NOW). Invsts has 14.54M shs for 0.54% of their capital. Jackson Square Prtnrs Llc reported 0% stake. Aviva Public Limited has 85,807 shs.

NOW had 30 insider sales and 0 buys since January 9, 2018. This’s net activity of $144.64 million. $16.02 million worth of stock was sold by Slootman Frank on Thursday, March 1. On Thursday, May 17 $487,111 worth of ServiceNow, Inc. (NYSE:NOW) was sold by Desai Chirantan Jitendra. WADORS PATRICIA L also sold $663,525 worth of ServiceNow, Inc. (NYSE:NOW) on Thursday, May 17. On Friday, February 2 1,636 shs were sold by Sands Anita M, worth $246,234. 2,373 shs were sold by Schneider David, worth $374,412 on Thursday, February 22. The insider Scarpelli Michael sold $3.68 million.

In 2018Q1 SEC form is reported Ithaka Group Llc’s stake in Servicenow Inc. (NOW) which was upped by 26.38%. The company’s stock popped up 10.06% while Ithaka Group Llc bought 25,885 shares. At the end of 2018Q1, the 124,004 shares of the technology company held by the institutional investor were valued at $20.52 million, up from 98,119 at the end of the previous reported quarter. For a total of 177,880 shares it reduced its holding in Facebook Inc. Cl A (NASDAQ:FB) by 64,715 shares in the quarter, and has cut its stake in .

Another two news for ServiceNow, Inc. (NYSE:NOW) were recently published by: Seekingalpha.com on June 26, 2018 with title “Amazon Prime: The Moral View”. The other Investorplace.com‘s article was titled “7 Tech Stocks That Will Crush the Market for Years” and published on June 28, 2018.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

In total 22 analysts cover ServiceNow (NYSE:NOW). “Buy” rating has 20, “Sell” are 0, while 2 are “Hold”. (NYSE:NOW) has 91% bullish analysts. 39 are the (NYSE:NOW)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. In Tuesday, May 8 report UBS maintained it with “Buy” rating and $19600 target. On Thursday, February 1 the stock of ServiceNow, Inc. (NYSE:NOW) has “Overweight” rating given by Barclays Capital. In Thursday, March 1 report UBS maintained the stock with “Buy” rating. In Tuesday, May 8 report Raymond James maintained the stock with “Strong Buy” rating. On Thursday, February 1 the stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Guggenheim. On Wednesday, January 10 the firm earned “Buy” rating by Guggenheim. The stock rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 1. On Thursday, April 26 the company was maintained by Raymond James. On Wednesday, January 31 the firm has “Buy” rating given by Canaccord Genuity. On Wednesday, April 25 the rating was maintained by BMO Capital Markets with “Buy”.

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

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