ServiceNow, Inc. $NOW Shares Acquired by Swedbank AB

Swedbank AB grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 326.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,415,650 shares of the information technology services provider’s stock after purchasing an additional 2,615,500 shares during the quarter. Swedbank AB’s holdings in ServiceNow were worth $523,243,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in ServiceNow by 404.5% during the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock worth $15,619,771,000 after acquiring an additional 81,752,460 shares during the last quarter. Jennison Associates LLC boosted its position in ServiceNow by 280.1% during the fourth quarter. Jennison Associates LLC now owns 8,432,389 shares of the information technology services provider’s stock worth $1,291,758,000 after acquiring an additional 6,213,762 shares during the last quarter. Nordea Investment Management AB boosted its position in ServiceNow by 388.7% during the fourth quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider’s stock worth $720,325,000 after acquiring an additional 3,743,087 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in ServiceNow by 613.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,840,262 shares of the information technology services provider’s stock worth $588,326,000 after acquiring an additional 3,301,962 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in ServiceNow by 385.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock worth $398,202,000 after acquiring an additional 2,064,440 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Major product push — ServiceNow unveiled “Otto” (a unified enterprise AI experience) and expanded its Autonomous Workforce and AI Control Tower, positioning the platform to sell higher-value, agent-driven workflows across functions. ServiceNow Otto launch
• Positive Sentiment: Partnership momentum — New/expanded partnerships with NVIDIA, Microsoft, FedEx, Lenovo and others tie ServiceNow into enterprise AI stacks and supply?chain/IT workflows, which should help adoption and drive larger deals. NVIDIA partnership
• Positive Sentiment: New revenue levers — ServiceNow launched Autonomous CRM and Autonomous Security & Risk features that expand addressable spend in customer-facing and security domains, strengthening the path to higher contract values. Autonomous CRM
• Positive Sentiment: Analyst bullishness — Multiple firms raised/affirmed ratings and price targets (Evercore, Barclays, Capital One, BTIG, Citizens JMP, DA Davidson, etc.), and some analysts now argue for >100% upside after the investor/analyst day. That lifts near-term sentiment and trading flows. Barclays raises PT
• Neutral Sentiment: Long-term targets reiterated — Management reiterated aggressive long-term subscription/revenue goals (targeting ~ $30–32B by 2030), supporting the growth narrative but requiring sustained execution to justify current multiples. Revenue by 2030
• Neutral Sentiment: Management messaging on M&A — CEO comments attempted to address investor concerns around ServiceNow’s recent acquisitions (Moveworks, Veza, Armis); the remarks aim to reassure but may not fully remove skepticism about deal timing/valuation. CEO on acquisitions
• Negative Sentiment: Valuation/near-term risk — Wolfe Research trimmed its price target citing some deal delays (e.g., on?prem projects in the Middle East), a reminder that execution hiccups could pressure the stock even as the AI story is priced in. Wolfe lowers PT

Analysts Set New Price Targets

A number of analysts recently issued reports on NOW shares. Canaccord Genuity Group decreased their target price on shares of ServiceNow from $200.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein raised their target price on shares of ServiceNow from $219.00 to $226.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Piper Sandler cut their price target on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Mizuho cut their price target on shares of ServiceNow from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group cut their price target on shares of ServiceNow from $188.00 to $163.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.35.

Insider Buying and Selling at ServiceNow

In other news, insider Paul Fipps sold 9,641 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the transaction, the insider owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. This trade represents a 45.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the transaction, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 25,164 shares of company stock worth $2,497,021. 0.34% of the stock is currently owned by insiders.

ServiceNow Stock Performance

Shares of NOW stock opened at $92.01 on Wednesday. The company’s fifty day simple moving average is $103.21 and its 200-day simple moving average is $133.96. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $211.48. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $94.86 billion, a PE ratio of 54.83, a P/E/G ratio of 1.63 and a beta of 0.82.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 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 the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter 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.

ServiceNow Company Profile

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.