Danica Pension Livsforsikringsaktieselskab Acquires Shares of 23,770 ServiceNow, Inc. $NOW

Danica Pension Livsforsikringsaktieselskab bought a new position in ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 23,770 shares of the information technology services provider’s stock, valued at approximately $21,875,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Danske Bank A S bought a new position in ServiceNow in the 3rd quarter valued at approximately $127,061,000. Mizuho Markets Cayman LP bought a new stake in shares of ServiceNow in the 3rd quarter worth $14,505,000. Second Line Capital LLC raised its stake in shares of ServiceNow by 818.3% in the third quarter. Second Line Capital LLC now owns 3,315 shares of the information technology services provider’s stock worth $3,051,000 after purchasing an additional 2,954 shares during the last quarter. Stance Capital LLC raised its stake in shares of ServiceNow by 9.4% in the third quarter. Stance Capital LLC now owns 1,446 shares of the information technology services provider’s stock worth $1,331,000 after purchasing an additional 124 shares during the last quarter. Finally, Silvant Capital Management LLC lifted its holdings in shares of ServiceNow by 14.9% during the third quarter. Silvant Capital Management LLC now owns 2,090 shares of the information technology services provider’s stock valued at $1,923,000 after purchasing an additional 271 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the transaction, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,237 shares of company stock worth $1,697,162. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NOW. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective (down from $225.00) on shares of ServiceNow in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of ServiceNow in a research note on Thursday, January 29th. Capital One Financial dropped their price target on shares of ServiceNow from $188.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Mizuho reduced their price target on shares of ServiceNow from $210.00 to $190.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $216.00 price objective on shares of ServiceNow in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average target price of $192.61.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Jim Cramer publicly called ServiceNow a value buy under the current AI thesis, which can drive retail/investor interest and short‑term buying pressure. Jim Cramer on ServiceNow (NOW): “I Do Think That the Company Represents Actual Value at These Prices”
• Positive Sentiment: ServiceNow expanded its reseller agreement with Carahsoft to push the ServiceNow AI platform deeper into commercial, healthcare, telecom and critical‑infrastructure channels across the U.S. and Canada — a move that can accelerate enterprise traction and recurring revenue. Carahsoft and ServiceNow Expand Partnership to Reach New Industries in the U.S. and Canada
• Positive Sentiment: BNP Paribas Exane upgraded ServiceNow from Neutral to Outperform and set a $140 price target — analyst upgrades and higher targets can support sentiment and provide catalyst for short‑term upside. ServiceNow (NOW) Stock Gets Bullish Upgrade From BNP Paribas
• Neutral Sentiment: CEO Bill McDermott made stark public comments warning AI could push graduate unemployment into the 30% range — remarks that underline ServiceNow’s market opportunity for automation but carry reputational and policy sensitivity that investors should monitor. ServiceNow CEO predicts Gen Z college graduates will face at least 30% unemployment
• Neutral Sentiment: Investor chatter highlights resilient fundamentals (20.7% revenue growth, strong renewals, CEO insider purchases and a $1T market‑cap ambition). That supports a long‑term bull case but also shows polarized views and mixed insider/institutional flows. ServiceNow Stock (NOW) Opinions on Earnings Beat and CEO’s $1T Ambition
• Negative Sentiment: An upstart rival, Serval, has poached eight former ServiceNow salespeople — a sign of rising competitive intensity in the AI workflow automation sales market that could pressure retention and new‑business wins in targeted segments. Eight ex-ServiceNow salespeople have been poached by Serval

ServiceNow Stock Performance

Shares of NYSE NOW opened at $116.77 on Wednesday. ServiceNow, Inc. has a 12-month low of $98.00 and a 12-month high of $211.48. The firm has a market capitalization of $122.14 billion, a price-to-earnings ratio of 70.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $117.96 and a 200 day moving average of $154.10.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period last year, the firm earned $0.73 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share 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.