The Profund Advisors LLC Takes Position in ServiceNow Inc (NOW)

The Profund Advisors LLC Takes Position in ServiceNow Inc (NOW)

Several other hedge funds and other institutional investors have also modified their holdings of NOW. Mosaic Family Wealth LLC acquired a new position in shares of ServiceNow during the third quarter worth $111,000. Hartford Financial Management Inc. acquired a new position in shares of ServiceNow during the first quarter worth $125,000. Nisa Investment Advisors LLC acquired a new position in shares of ServiceNow during the first quarter worth $175,000. Tudor Investment Corp Et Al acquired a new position in shares of ServiceNow during the fourth quarter worth $207,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of ServiceNow during the first quarter worth $257,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Profund Advisors LLC purchased a new position in shares of ServiceNow Inc (NYSE:NOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,531 shares of the information technology services provider’s stock, valued at approximately $221,000.

ServiceNow Inc (NOW) opened at 107.30 on Monday. The firm’s market cap is $18.21 billion. The company’s 50 day moving average price is $96.98 and its 200 day moving average price is $87.94. ServiceNow Inc has a 52-week low of $63.51 and a 52-week high of $107.55.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on ServiceNow from $108.00 to $110.00 and gave the company a “top pick” rating in a report on Thursday, April 27th. Morgan Stanley lifted their price target on ServiceNow from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Canaccord Genuity reiterated a “buy” rating and set a $105.00 price target on shares of ServiceNow in a report on Friday, April 21st. Cowen and Company reiterated an “outperform” rating and set a $110.00 price target on shares of ServiceNow in a report on Tuesday, February 28th. Finally, MKM Partners reiterated a “neutral” rating on shares of ServiceNow in a report on Friday, April 21st. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. ServiceNow presently has an average rating of “Buy” and an average target price of $102.29. In related news, CRO David Schneider sold 2,243 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $97.04, for a total value of $217,660.72. Following the completion of the sale, the executive now directly owns 47,654 shares in the company, valued at approximately $4,624,344.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John J. Donahoe bought 5,618 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $97.93 per share, with a total value of $550,170.74. Following the completion of the purchase, the chief executive officer now directly owns 5,618 shares in the company, valued at approximately $550,170.74. The disclosure for this purchase can be found here. Insiders sold a total of 529,673 shares of company stock valued at $46,383,466 in the last 90 days. 5.90% of the stock is owned by corporate insiders.

ServiceNow Company Profile ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NOW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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