Chilton Capital Management LLC Buys 32 Shares of ServiceNow, Inc. $NOW

Chilton Capital Management LLC increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 128.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57 shares of the information technology services provider’s stock after acquiring an additional 32 shares during the period. Chilton Capital Management LLC’s holdings in ServiceNow were worth $59,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOW. Wealth Preservation Advisors LLC bought a new position in shares of ServiceNow in the first quarter valued at approximately $382,000. Corient IA LLC bought a new position in ServiceNow in the 1st quarter worth $796,000. Parr Mcknight Wealth Management Group LLC acquired a new position in ServiceNow during the 1st quarter worth $1,820,000. ASR Vermogensbeheer N.V. bought a new stake in ServiceNow during the first quarter valued at about $19,278,000. Finally, Goldman Sachs Group Inc. grew its position in shares of ServiceNow by 131.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock valued at $1,178,706,000 after purchasing an additional 840,731 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $1,300.00 target price on shares of ServiceNow in a research note on Monday, August 4th. Bank of America boosted their target price on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,200.00 price target on shares of ServiceNow in a report on Thursday, July 24th. Oppenheimer restated an “outperform” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of ServiceNow in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $1,124.17.

ServiceNow Price Performance

Shares of ServiceNow stock opened at $929.77 on Monday. The firm has a market cap of $193.39 billion, a P/E ratio of 117.10, a price-to-earnings-growth ratio of 4.20 and a beta of 0.92. The firm’s 50-day simple moving average is $917.85 and its 200-day simple moving average is $943.26. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 1,452 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $895.05, for a total value of $1,299,612.60. Following the sale, the insider owned 457 shares of the company’s stock, valued at approximately $409,037.85. This represents a 76.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Russell S. Elmer sold 1,698 shares of ServiceNow stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $884.26, for a total transaction of $1,501,473.48. Following the transaction, the general counsel directly owned 4,332 shares of the company’s stock, valued at $3,830,614.32. This represents a 28.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,737 shares of company stock valued at $16,798,825. 0.38% of the stock is owned by insiders.

ServiceNow Profile

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.