What Drives Institutional Interest in ServiceNow (NYSE:NOW)?

February 10, 2025 03:06 AM PST | By Team Kalkine Media

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Highlights

Institutional investors continue to adjust their positions in ServiceNow, reflecting ongoing interest in the company.

Several hedge funds increased their stakes, while others reduced their holdings in recent months.

ServiceNow (NYSE:NOW) remains a key player in the information technology services sector, attracting institutional involvement.

ServiceNow operates within the information technology services sector, offering cloud-based workflow solutions to businesses across various industries. The company’s platform is widely used for digital transformation initiatives, making it a significant entity in enterprise software solutions.

Institutional Investment Trends
Institutional investors have made adjustments to their holdings in ServiceNow in recent months. Stephens Inc. AR recently reduced its stake in the company by selling 943 shares, bringing its total holdings to 6,931 shares. These shares were valued at approximately $7.3 million at the end of the most recent reporting period.

Other institutions have also modified their positions. Howland Capital Management LLC increased its stake by acquiring 258 additional shares, bringing its total to 22,811 shares. This adjustment reflects a 1.1% increase in holdings. Similarly, Quotient Wealth Partners LLC expanded its position by 10.8%, adding 84 shares, bringing its total to 864 shares.

Shifts in Institutional Holdings
Northeast Investment Management raised its stake in ServiceNow by 21.2%, purchasing an additional 4,028 shares, which brought its total holdings to 22,985 shares. Forbes J M & Co. LLP also made minor adjustments, acquiring 19 additional shares and reaching a total of 5,422 shares.

Meanwhile, Wilmington Savings Fund Society FSB increased its holdings by 3.5%, adding 125 shares, bringing its total to 3,693 shares. These incremental adjustments indicate sustained institutional involvement in ServiceNow.

Institutional Ownership in ServiceNow
Hedge funds and institutional investors collectively hold 87.18% of ServiceNow’s stock. This significant ownership level reflects institutional confidence in the company’s enterprise software solutions and business model. Changes in institutional positions can provide insight into overall sentiment toward the company.

ServiceNow’s role in enterprise workflow automation continues to attract institutional interest. The ongoing adjustments in holdings among hedge funds and other financial entities underscore the company’s position in the broader technology sector.

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