Which Institutions Are Adjusting Their Holdings in ServiceNow, Inc. (NYSE:NOW)?

2 min read | March 03, 2025 09:22 AM PST | By Team Kalkine Media

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Which Institutions Are Adjusting Their Holdings in ServiceNow, Inc. (NYSE:NOW)? — Image source: Shutterstock

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Highlights

Schechter Investment Advisors LLC reduced its stake in ServiceNow, Inc. by 19.4% during the fourth quarter.

Robeco Institutional Asset Management B.V. increased its holdings in ServiceNow, Inc. by 13.0% in the same period.

Institutional investors collectively own approximately 87.18% of ServiceNow, Inc.'s outstanding shares.

Overview of ServiceNow, Inc.

ServiceNow, Inc. operates within the information technology services sector, offering cloud-based solutions that streamline and automate enterprise IT operations. The company's platform assists organizations in managing digital workflows, enhancing efficiency across various departments.

Schechter Investment Advisors LLC's Reduction in Holdings

In the fourth quarter, Schechter Investment Advisors LLC decreased its holdings in ServiceNow, Inc. (NYSE:NOW) by 19.4%. This adjustment involved selling 964 shares, resulting in a total of 3,996 shares remaining in their portfolio. At the end of this reporting period, these holdings were valued at $4,236,000.

Robeco Institutional Asset Management B.V.'s Increase in Holdings

Conversely, Robeco Institutional Asset Management B.V. expanded its stake in ServiceNow, Inc. by 13.0% during the same quarter. The firm acquired an additional 22,544 shares, bringing its total to 195,933 shares. The value of these holdings was approximately $207,712,000 at the close of the reporting period.

Overall Institutional Ownership

Institutional investors, including hedge funds and asset management firms, hold a significant portion of ServiceNow, Inc.'s shares. Collectively, they own about 87.18% of the company's outstanding shares. This substantial institutional ownership underscores the confidence and interest that large-scale investors have in ServiceNow's business model and performance.

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