ServiceNow, Inc. $NOW Holdings Increased by CenterBook Partners LP

07 Nov 2026, 10:26 by Jessica Moore · The Cerbat Gem

CenterBook Partners LP grew its position in ServiceNow, Inc. (NYSE:NOW – Free Report) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,438 shares of the information technology services provider’s stock after acquiring an additional 25,356 shares during the period. CenterBook Partners LP’s holdings in ServiceNow were worth $10,109,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NOW. Cornerstone Financial Management LLC boosted its holdings in ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Marquette Asset Management LLC increased its position in ServiceNow by 75.0% during the 2nd quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 129 shares during the period. Kilter Group LLC purchased a new position in shares of ServiceNow during the 2nd quarter worth approximately $31,000. Solstein Capital LLC purchased a new position in shares of ServiceNow during the 2nd quarter worth approximately $35,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of ServiceNow in the 3rd quarter valued at approximately $38,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow is broadening its agentic-AI partnership with LTM, aiming to take AI workflows to more enterprise customers. The company also highlighted deployments and selections by customers including LTM, KORE and Keysight, supporting its case that businesses are adopting its AI platform. ServiceNow expands enterprise AI partnerships
Positive Sentiment: ServiceNow raised its AI contract-value target to $1.7 billion, and its CFO described fears that AI will disrupt the company’s business as unfounded. These points may help reassure investors about AI’s potential as a growth driver. ServiceNow Q3 earnings call highlights
Neutral Sentiment: The NBA extended its partnership with ServiceNow, adopting EmployeeWorks for employee self-service and workplace requests. The deal adds a customer use case, though its near-term financial impact was not specified. NBA and ServiceNow extend partnership
Negative Sentiment: Investors are focused on the outlook: despite a third-quarter revenue beat, ServiceNow’s fourth-quarter current remaining performance obligations growth forecast of 18.5% disappointed the market and prompted concerns about slowing backlog growth. The stock has fallen sharply since the report. ServiceNow outlook and AI concerns
Negative Sentiment: ServiceNow is undertaking another round of layoffs, while third-quarter severance costs rose to $87 million from $24 million a year earlier. Separate reports that the board approved $127 million in retention awards as the company cuts jobs may also draw scrutiny over costs and priorities. ServiceNow layoffs and severance costs
Negative Sentiment: ETFs were net sellers of $29.5 million in ServiceNow shares on Wednesday, adding a modest near-term headwind. ETF selling of ServiceNow shares

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NOW. Argus reaffirmed a “buy” rating and set a $170.00 price objective on shares of ServiceNow in a report on Tuesday. Zacks Research downgraded ServiceNow from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Jefferies Financial Group set a $145.00 target price on shares of ServiceNow in a research report on Thursday, October 29th. Robert W. Baird set a $185.00 price target on shares of ServiceNow in a research note on Thursday, October 29th. Finally, Canaccord Genuity Group set a $145.00 price objective on shares of ServiceNow in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $154.50.

Read Our Latest Stock Report on ServiceNow

ServiceNow Price Performance

NOW traded down $0.45 during trading on Friday, reaching $101.91. 15,093,492 shares of the stock were exchanged, compared to its average volume of 18,003,326. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $105.78 billion, a price-to-earnings ratio of 73.32, a P/E/G ratio of 2.03 and a beta of 1.00. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $175.00. The business’s 50 day moving average price is $136.31 and its two-hundred day moving average price is $114.81.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.82 EPS. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 2.12 earnings per share for the current year.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the transaction, the insider directly owned 18,305 shares in the company, valued at approximately $2,706,760.35. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares in the company, valued at $5,960,645. This trade represents a 5.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,081 shares of company stock valued at $1,937,904. Insiders own 0.34% of the company’s stock.

ServiceNow Profile

(Free Report)

ServiceNow, Inc provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations.

Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.

ServiceNow serves businesses and public-sector organizations around the world.