Ithaka Group LLC Increased Stake in Servicenow INC (NOW) by $4.27 Million

June 29, 2018 - By Don Salinas

ServiceNow, Inc. (NYSE:NOW) Corporate LogoBig Money Sentiment decreased to 1.03 in 2018 Q1. It has change of 0.02, from 2017Q4’s 1.05. The ratio fall due to NOW positioning: 34 sold and 154 reduced. 74 funds took stakes and 120 increased stakes. Investors holded 167.59 million in 2017Q4 but now own 166.80 million shares or 0.47% less. Principal Financial Grp owns 23,316 shs or 0% of their US capital. Shell Asset Mngmt Company has 11,163 shs for 0.04% of their capital. Asset One stated it has 0.11% of its capital in ServiceNow, Inc. (NYSE:NOW). Pnc Services Group Inc Inc owns 60,403 shs or 0.01% of their US capital. Asset holds 0.06% of its capital in ServiceNow, Inc. (NYSE:NOW) for 2,372 shs. Mackenzie Financial reported 87,510 shs. Guggenheim Cap Llc reported 12,906 shs. Prelude Mngmt Ltd Llc owns 1,940 shs. Bamco reported 44,885 shs. World Asset Mngmt owns 6,259 shs for 0.05% of their capital. Inverness Counsel Ltd Co has 1.24% invested in ServiceNow, Inc. (NYSE:NOW). Amp Cap Investors Limited reported 78,859 shs. South State Corporation holds 20,079 shs. Essex Fincl invested 0.06% in ServiceNow, Inc. (NYSE:NOW). Glynn Cap Management Lc owns 147,268 shs.

NOW registered $144.64 million net activity with 0 buys and 30 selling transactions since January 9, 2018. On Friday, May 18 Shares for $944,707 were sold by Slootman Frank. LUDDY FREDERIC B also sold $5.66 million worth of ServiceNow, Inc. (NYSE:NOW) on Wednesday, April 18. $663,525 worth of ServiceNow, Inc. (NYSE:NOW) was sold by WADORS PATRICIA L. Desai Chirantan Jitendra sold $3.09M worth of stock or 19,742 shs. $246,234 worth of ServiceNow, Inc. (NYSE:NOW) was sold by Sands Anita M. On Tuesday, February 27 $2.08 million worth of stock was sold by MILLER JEFFREY A.

The stake In Servicenow Inc. (NOW) was upped owned by Ithaka Group Llc. According to 2018Q1 SEC form the reduction is 26.38%. By buying 25,885 shares Ithaka Group Llc made the stock popped up with 10.06%. The institutional investor is holding 124,004 shares, compared to the 98,119 from the previous quarter. And the reported value of the technology company is $20.52M for the 2018Q1. For a total of 1,104 shares it reduced its holding in Palo Alto Networks Inc. (NYSE:PANW) by 84,668 shares in the quarter, and has cut its stake in .

Another two news for ServiceNow, Inc. (NYSE:NOW) were briefly published by: Investorplace.com on June 28, 2018 with title “7 Tech Stocks That Will Crush the Market for Years”. The other Seekingalpha.com‘s article was titled “Amazon Prime: The Moral View” and published on June 26, 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. On Wednesday, January 31 the rating was maintained by Cowen & Co with “Buy”. On Monday, April 30 the stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given by Piper Jaffray. On Thursday, February 1 the firm has “Buy” rating by Stephens given. On Friday, March 16 Robert W. Baird maintained the shares of NOW in report with “Buy” rating. On Thursday, February 1 the firm has “Buy” rating by RBC Capital Markets given. The company rating was maintained by Barclays Capital on Thursday, April 26. On Thursday, April 26 Stifel Nicolaus maintained the shares of NOW in report with “Hold” rating. In Monday, April 23 report Piper Jaffray maintained it with “Buy” rating and $18500 target. On Thursday, April 26 the stock of ServiceNow, Inc. (NYSE:NOW) earned “Outperform” rating by Macquarie Research. On Tuesday, January 16 the stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Piper Jaffray.

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

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