As Servicenow INC (NOW) Stock Value Rose, Holder Magee Thomson Investment Partners LLC Has Decreased Its Position by $6.46 Million

June 20, 2017 - By Darrin Black

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.23, from 1.17 in 2016Q3. It fall, as 41 investors sold NOW shares while 113 reduced holdings. 53 funds opened positions while 92 raised stakes. 158.52 million shares or 2.18% less from 162.05 million shares in 2016Q3 were reported. Ww Asset Mgmt has 5,724 shares. Scge Mngmt Limited Partnership stated it has 10.33% of its portfolio in ServiceNow Inc (NYSE:NOW). California Pub Employees Retirement accumulated 290,000 shares. Geode Management Ltd Liability owns 0.04% invested in ServiceNow Inc (NYSE:NOW) for 1.07 million shares. Friess Associates Ltd Llc accumulated 140,025 shares. Blackrock owns 0.02% invested in ServiceNow Inc (NYSE:NOW) for 149,504 shares. 10,929 were reported by Natixis Asset Mngmt. 11,647 are held by M&T Bancshares Corporation. 1.27M were accumulated by Commercial Bank Of Ny Mellon Corp. Capital Fund Mgmt Sa has invested 0.06% in ServiceNow Inc (NYSE:NOW). 220,387 are owned by Massachusetts Fin Service Ma. Allen Operations Ltd Liability stated it has 52,200 shares or 4.11% of all its holdings. Columbus Circle owns 689,931 shares for 0.67% of their portfolio. Henderson Public Limited Com invested in 683,386 shares or 0.37% of the stock. The Massachusetts-based Arrowstreet Cap LP has invested 0.03% in ServiceNow Inc (NYSE:NOW).

Since December 21, 2016, it had 1 insider purchase, and 17 insider sales for $146.29 million activity. 150,000 shares were sold by Slootman Frank, worth $13.14M on Wednesday, March 1. On Wednesday, January 11 the insider LUDDY FREDERIC B sold $12.82 million. Schneider David also sold $1.30M worth of ServiceNow Inc (NYSE:NOW) shares. Another trade for 11,236 shares valued at $1.10M was made by Donahoe John J on Monday, May 8. $2.31M worth of ServiceNow Inc (NYSE:NOW) was sold by STRAUSS WILLIAM L on Thursday, January 26. $192,095 worth of ServiceNow Inc (NYSE:NOW) was sold by Sands Anita M on Wednesday, February 1.

Magee Thomson Investment Partners Llc decreased its stake in Servicenow Inc. (NOW) by 39.77% based on its latest 2016Q4 regulatory filing with the SEC. Magee Thomson Investment Partners Llc sold 87,300 shares as the company’s stock rose 7.07% with the market. The institutional investor held 132,200 shares of the technology company at the end of 2016Q4, valued at $9.83M, down from 219,500 at the end of the previous reported quarter. Magee Thomson Investment Partners Llc who had been investing in Servicenow Inc. for a number of months, seems to be less bullish one the $18.02 billion market cap company. The stock increased 0.08% or $0.08 on June 19, reaching $103.6. About shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since June 20, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Investors wait ServiceNow Inc (NYSE:NOW) to report on July, 26. its quarterly earnings Wall Street analysts expect $-0.18 EPS, up $0.07 or 28.00 % from last year’s $-0.25 same quarter earnings. ServiceNow Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $-0.18 EPS reproted in the previous quarter,

More news for ServiceNow Inc (NYSE:NOW) were recently published by: Businesswire.com, which released: “ServiceNow to Offer $750 Million of Convertible Senior Notes Due 2022” on May 22, 2017. Businesswire.com‘s article titled: “ServiceNow Prices $750 Million of 0% Convertible Senior Notes Due 2022” and published on May 24, 2017 is yet another important article.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Among 28 analysts covering ServiceNow Inc (NYSE:NOW), 20 have Buy rating, 0 Sell and 8 Hold. Therefore 71% are positive. ServiceNow Inc had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 26 by BMO Capital Markets. The firm has “Buy” rating by Mizuho given on Friday, January 22. As per Thursday, April 27, the company rating was maintained by BMO Capital Markets. Canaccord Genuity maintained ServiceNow Inc (NYSE:NOW) rating on Monday, April 24. Canaccord Genuity has “Buy” rating and $105 target. Mizuho maintained the shares of NOW in report on Thursday, October 27 with “Buy” rating. The stock of ServiceNow Inc (NYSE:NOW) earned “Buy” rating by BTIG Research on Thursday, September 10. The stock of ServiceNow Inc (NYSE:NOW) earned “Top Pick” rating by RBC Capital Markets on Thursday, April 27. The firm earned “Market Perform” rating on Tuesday, September 20 by BMO Capital Markets. The rating was initiated by Goldman Sachs on Friday, December 11 with “Neutral”. M Partners maintained ServiceNow Inc (NYSE:NOW) on Monday, April 24 with “Neutral” rating.

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