ServiceNow, Inc. $NOW Holdings Increased by Kane Investment Management Inc.

Posted by Francis Steltz on Jun 13th, 2026

Kane Investment Management Inc. increased its holdings in ServiceNow, Inc. (NYSE:NOW – Free Report) by 350.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,675 shares of the information technology services provider’s stock after purchasing an additional 5,970 shares during the quarter. Kane Investment Management Inc.’s holdings in ServiceNow were worth $1,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Solstein Capital LLC raised its holdings in shares of ServiceNow by 400.0% in the 4th quarter. Solstein Capital LLC now owns 470 shares of the information technology services provider’s stock worth $72,000 after purchasing an additional 376 shares in the last quarter. Klingenstein Fields & Co. LP raised its holdings in shares of ServiceNow by 392.5% in the 4th quarter. Klingenstein Fields & Co. LP now owns 123,089 shares of the information technology services provider’s stock worth $18,856,000 after purchasing an additional 98,097 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of ServiceNow by 331.1% in the 4th quarter. Trillium Asset Management LLC now owns 337,045 shares of the information technology services provider’s stock worth $52,259,000 after purchasing an additional 258,867 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of ServiceNow by 753.7% in the 4th quarter. Wealthspire Advisors LLC now owns 16,229 shares of the information technology services provider’s stock worth $2,486,000 after purchasing an additional 14,328 shares in the last quarter. Finally, Columbia Bank raised its holdings in shares of ServiceNow by 388.1% in the 4th quarter. Columbia Bank now owns 13,311 shares of the information technology services provider’s stock worth $2,039,000 after purchasing an additional 10,584 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow lifted its 2026 AI revenue target to $1.5 billion, signaling that demand for Now Assist is strong and that customers are expanding AI deployments and spending more on the platform. Can Strong Demand in Now Assist Boost ServiceNow’s AI Revenue Growth?
Positive Sentiment: IBM and ServiceNow announced a partnership aimed at helping enterprises modernize legacy IT systems and scale agentic AI, which could support longer-term adoption of ServiceNow’s workflow automation and AI tools. IBM And ServiceNow Target Enterprise AI Scale While Seeding Future Talent
Positive Sentiment: Analysts and commentators highlighted ServiceNow as a potential AI winner in the second half of 2026, reinforcing the market’s view that the company could benefit from rising enterprise AI spending. The AI Trade Nobody Is Making Right Now — and Why It Could Be 2026’s Best Opportunity
Neutral Sentiment: ServiceNow and IBM also drew attention for targeting legacy IT modernization, but the immediate impact on the stock is likely more strategic than near-term financial. ServiceNow, IBM team up to target legacy IT
Negative Sentiment: The stock has also been under pressure from profit-taking and a broader selloff in software names, which has weighed on sentiment despite the company’s AI growth narrative. What’s Going On With ServiceNow Stock Thursday?
Negative Sentiment: Reports of additional Bay Area tech job cuts added to concerns about the broader enterprise software and technology labor backdrop, though this is not specific to ServiceNow’s core results. ServiceNow, Salesforce, other tech firms reveal more Bay Area job cuts

Insider Activity

In other news, insider Paul Fipps sold 1,048 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the sale, the insider owned 12,072 shares in the company, valued at $1,189,212.72. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the sale, the director owned 30,090 shares in the company, valued at $2,712,312.60. This represents a 35.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,071 shares of company stock worth $2,529,956 over the last three months. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on NOW. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 target price (down from $175.00) on shares of ServiceNow in a report on Thursday, April 23rd. Benchmark began coverage on shares of ServiceNow in a report on Wednesday, April 1st. They issued a “buy” rating and a $125.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of ServiceNow from $185.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Citic Securities dropped their target price on shares of ServiceNow from $168.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Oppenheimer reiterated an “outperform” rating on shares of ServiceNow in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $141.85.

View Our Latest Analysis on NOW

ServiceNow Stock Down 0.7%

NOW stock opened at $102.34 on Friday. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48. The company’s 50 day simple moving average is $99.80 and its 200-day simple moving average is $120.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $105.51 billion, a P/E ratio of 60.99, a P/E/G ratio of 1.70 and a beta of 0.94.

ServiceNow (NYSE:NOW – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current year.

About ServiceNow

(Free Report)

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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