134,801 Shares in ServiceNow, Inc. $NOW Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in shares of ServiceNow, Inc. (NYSE:NOW) in the 1st quarter, HoldingsChannel.com reports. The fund bought 134,801 shares of the information technology services provider’s stock, valued at approximately $14,093,000. ServiceNow comprises about 0.5% of Leonteq Securities AG’s holdings, making the stock its 26th biggest position.

Several other large investors have also modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of ServiceNow by 67.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 394,070 shares of the information technology services provider’s stock worth $41,200,000 after purchasing an additional 158,640 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in ServiceNow by 106.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 14,219 shares of the information technology services provider’s stock valued at $1,487,000 after buying an additional 7,330 shares during the period. Platform Technology Partners purchased a new stake in ServiceNow in the 1st quarter valued at about $266,000. Sound Income Strategies LLC lifted its position in ServiceNow by 14.9% in the first quarter. Sound Income Strategies LLC now owns 4,020 shares of the information technology services provider’s stock valued at $418,000 after buying an additional 520 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in ServiceNow by 142.6% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 62,163 shares of the information technology services provider’s stock valued at $6,499,000 after buying an additional 36,543 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Guggenheim upgraded ServiceNow to Buy from Neutral and set a $125 price target, arguing that fears about AI disruption have likely gone too far and that the stock now looks attractively valued after a steep selloff. Article title: ServiceNow (NOW) Rating Upgraded by Guggenheim to Buy from Neutral
• Positive Sentiment: Multiple follow-up reports said the upgrade helped lift ServiceNow shares, with Guggenheim’s view that recent weakness created a buying opportunity for software investors. Article title: Guggenheim Sees 45%+ Upside After Upgrading Salesforce, ServiceNow, Check Point
• Positive Sentiment: ServiceNow also announced a joint initiative with Accenture to modernize enterprise risk management using agentic AI, reinforcing the company’s positioning as an AI workflow and security platform rather than an AI casualty. Article title: Accenture (ACN), ServiceNow (NOW) Launch Joint Initiative to Modernize Enterprise Risk Management With Agentic AI
• Neutral Sentiment: Several analysts and commentary pieces noted that ServiceNow still trades at a premium valuation, so while growth and enterprise AI adoption remain supportive, investors are being reminded that the stock is not cheap. Article title: ServiceNow Trades at Premium Valuation: How to Play the Stock
• Neutral Sentiment: ServiceNow said it will report second-quarter 2026 results on July 22, which keeps attention on whether growth and margins can hold up after the recent volatility. Article title: ServiceNow to Announce Second Quarter 2026 Financial Results on July 22
• Negative Sentiment: Bearish articles continued to highlight risks from AI disruption, slower large-deal closures, acquisition-related margin pressure, and premium valuation, all of which could limit upside if execution disappoints. Article title: ServiceNow Stock Plunges 50% — Why NOW Stock Is a Buy Here

ServiceNow Stock Up 0.2%

Shares of NYSE:NOW opened at $106.06 on Friday. 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 $109.34 billion, a PE ratio of 63.20, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The firm’s 50-day moving average is $100.47 and its two-hundred day moving average is $112.93. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Analysts predict that ServiceNow, Inc. will post 2.34 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on NOW. Wolfe Research set a $125.00 price target on shares of ServiceNow in a research report on Thursday, April 23rd. Benchmark upped their price objective on shares of ServiceNow from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Cantor Fitzgerald set a $130.00 price objective on shares of ServiceNow in a research report on Monday, June 15th. Raymond James Financial dropped their target price on shares of ServiceNow from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial cut their target price on ServiceNow from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.68.

Insider Buying and Selling at ServiceNow

In other news, insider Paul Fipps sold 1,048 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the sale, the insider directly owned 12,072 shares in the company, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, insider Jacqueline P. Canney sold 8,927 shares of ServiceNow stock in a transaction on Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the transaction, the insider owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,071 shares of company stock valued at $2,529,956 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

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.