Deutsche Bank AG Buys 22,067 Shares of ServiceNow, Inc. (NYSE:NOW)

Deutsche Bank AG increased its position in ServiceNow, Inc. (NYSE:NOWFree Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 671,591 shares of the information technology services provider’s stock after acquiring an additional 22,067 shares during the quarter. Deutsche Bank AG owned about 0.33% of ServiceNow worth $375,393,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NOW. PFG Private Wealth Management LLC purchased a new stake in ServiceNow in the 3rd quarter worth approximately $28,000. First Capital Advisors Group LLC. purchased a new position in ServiceNow during the 2nd quarter valued at about $29,000. High Net Worth Advisory Group LLC purchased a new position in ServiceNow during the 1st quarter valued at about $29,000. Steward Financial Group LLC lifted its position in ServiceNow by 125.0% during the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 35 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in ServiceNow during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.

Insider Activity

In other news, General Counsel Russell S. Elmer sold 91 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $654.00, for a total transaction of $59,514.00. Following the completion of the sale, the general counsel now owns 4,314 shares in the company, valued at approximately $2,821,356. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other ServiceNow news, General Counsel Russell S. Elmer sold 91 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $654.00, for a total transaction of $59,514.00. Following the completion of the transaction, the general counsel now directly owns 4,314 shares of the company’s stock, valued at approximately $2,821,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina Mastantuono sold 275 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $654.00, for a total transaction of $179,850.00. Following the transaction, the chief financial officer now directly owns 7,005 shares of the company’s stock, valued at $4,581,270. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,377 shares of company stock worth $6,476,979. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NOW shares. BMO Capital Markets raised their target price on ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. TheStreet raised shares of ServiceNow from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Truist Financial increased their price objective on shares of ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Oppenheimer increased their price objective on shares of ServiceNow from $750.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus increased their price objective on shares of ServiceNow from $740.00 to $820.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus price target of $750.93.

Read Our Latest Stock Analysis on ServiceNow

ServiceNow Stock Up 0.7 %

ServiceNow stock opened at $819.00 on Monday. ServiceNow, Inc. has a twelve month low of $405.37 and a twelve month high of $819.00. The business has a fifty day moving average of $726.08 and a two-hundred day moving average of $634.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20. The firm has a market cap of $167.90 billion, a P/E ratio of 96.66, a P/E/G ratio of 5.18 and a beta of 0.99.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts forecast that ServiceNow, Inc. will post 6.11 earnings per share for the current fiscal year.

About ServiceNow

(Free Report)

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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