Servicenow INC (NOW) Share Price Rose While Columbus Circle Investors Raised by $30.51 Million Its Stake

November 21, 2017 - By Nellie Frank

Investors sentiment decreased to 1.23 in Q2 2017. Its down 0.12, from 1.35 in 2017Q1. It dropped, as 47 investors sold NOW shares while 104 reduced holdings. 71 funds opened positions while 114 raised stakes. 167.38 million shares or 5.53% more from 158.61 million shares in 2017Q1 were reported. Hbk Invests Limited Partnership owns 22,300 shares or 0.02% of their US portfolio. Moreover, World Asset has 0.03% invested in ServiceNow Inc (NYSE:NOW) for 7,659 shares. Aperio Gru Limited Company reported 0.03% stake. Polaris Greystone Fincl Group Ltd Liability holds 0.14% of its portfolio in ServiceNow Inc (NYSE:NOW) for 11,658 shares. 21,404 were accumulated by Barclays Public Limited Com. California-based Nelson Roberts Invest Advsr Limited Liability Corp has invested 0% in ServiceNow Inc (NYSE:NOW). Etrade Mngmt Ltd Limited Liability Company holds 2,748 shares. Gp One Trading LP reported 0.01% stake. Sumitomo Mitsui Trust Holdings reported 470,590 shares or 0.07% of all its holdings. Jane Street Group Ltd holds 0.02% or 41,465 shares in its portfolio. Moreover, Korea has 0.17% invested in ServiceNow Inc (NYSE:NOW) for 336,124 shares. Hoplite Cap Management Limited Partnership accumulated 684,617 shares. State Of New Jersey Common Pension Fund D owns 73,600 shares for 0.03% of their portfolio. Teachers Retirement System Of The State Of Kentucky accumulated 32,066 shares or 0.04% of the stock. Bbt Capital Mgmt Lc holds 0.14% of its portfolio in ServiceNow Inc (NYSE:NOW) for 10,000 shares.

Since June 1, 2017, it had 0 insider buys, and 2 selling transactions for $33.96 million activity. LUDDY FREDERIC B sold $18.09 million worth of stock or 167,000 shares.

Donald Chiboucis increased its stake in Servicenow Inc (NOW) by 46.53% based on its latest 2017Q2 regulatory filing with the SEC. Columbus Circle Investors bought 287,837 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Donald Chiboucis held 906,415 shares of the technology company at the end of 2017Q2, valued at $96.08 million, up from 618,578 at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Servicenow Inc for a number of months, seems to be bullish on the $22.14 billion market cap company. The stock rose 1.58% or $2.02 reaching $129.69 per share. About 191,268 shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since November 21, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Columbus Circle Investors, which manages about $17.54B and $6.05B US Long portfolio, decreased its stake in Danaher Corp Del (NYSE:DHR) by 51,691 shares to 32,403 shares, valued at $2.73 million in 2017Q2, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 93,999 shares in the quarter, leaving it with 758,777 shares, and cut its stake in Albemarle Corp (NYSE:ALB).

More news for ServiceNow Inc (NYSE:NOW) were recently published by: Bizjournals.com, which released: “ServiceNow scoops up San Mateo mobile platform startup” on October 25, 2017. Marketwatch.com‘s article titled: “ServiceNow shares fall 9% as company guides for 2017 billings below expectations” and published on October 25, 2017 is yet another important article.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 34 have Buy rating, 0 Sell and 6 Hold. Therefore 85% are positive. ServiceNow Inc had 93 analyst reports since July 21, 2015 according to SRatingsIntel. Argus Research initiated ServiceNow Inc (NYSE:NOW) rating on Thursday, April 14. Argus Research has “Buy” rating and $86 target. The firm has “Buy” rating by Cowen & Co given on Thursday, July 27. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. As per Thursday, November 9, the company rating was maintained by UBS. PiperJaffray upgraded the shares of NOW in report on Monday, October 23 to “Overweight” rating. The rating was maintained by M Partners with “Neutral” on Monday, April 24. The firm earned “Perform” rating on Friday, June 17 by Oppenheimer. UBS maintained the shares of NOW in report on Wednesday, December 2 with “Buy” rating. On Wednesday, September 6 the stock rating was initiated by Moffett Nathanson with “Buy”. The stock has “Buy” rating by Mizuho on Friday, January 22.

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