Servicenow (NOW) Share Price Rose While Ardsley Advisory Partners Has Trimmed Position; New Vernon Capital Holdings Ii Has Raised Hdfc Bank LTD (HDB) Holding by $1.59 Million

April 17, 2018 - By Peter Erickson

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Philip Hempleman decreased its stake in Servicenow Inc (NOW) by 86.49% based on its latest 2017Q4 regulatory filing with the SEC. Ardsley Advisory Partners sold 64,000 shares as the company’s stock rose 26.03% while stock markets declined. The hedge fund run by Philip Hempleman held 10,000 shares of the technology company at the end of 2017Q4, valued at $1.31 million, down from 74,000 at the end of the previous reported quarter. Ardsley Advisory Partners who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $30.44 billion market cap company. The stock increased 2.84% or $4.81 during the last trading session, reaching $174.26. About 1.01 million shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 91.85% since April 17, 2017 and is uptrending. It has outperformed by 80.30% the S&P500.

New Vernon Capital Holdings Ii Llc increased its stake in Hdfc Bank Ltd (HDB) by 53.94% based on its latest 2017Q4 regulatory filing with the SEC. New Vernon Capital Holdings Ii Llc bought 15,767 shares as the company’s stock declined 3.80% with the market. The hedge fund held 44,999 shares of the commercial banks company at the end of 2017Q4, valued at $4.58 million, up from 29,232 at the end of the previous reported quarter. New Vernon Capital Holdings Ii Llc who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $77.93 billion market cap company. The stock increased 1.25% or $1.22 during the last trading session, reaching $98.75. About 608,340 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 30.17% since April 17, 2017 and is uptrending. It has outperformed by 18.62% the S&P500.

New Vernon Capital Holdings Ii Llc, which manages about $820.46M and $71.91 million US Long portfolio, decreased its stake in Ishares Inc by 13,868 shares to 28,150 shares, valued at $1.69 million in 2017Q4, according to the filing.

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by Zacks on Thursday, August 27. The stock has “Hold” rating by Zacks on Monday, September 21. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. The rating was downgraded by Morgan Stanley on Tuesday, March 21 to “Equal-Weight”. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, September 14.

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. ServiceNow Inc had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 6 by Moffett Nathanson. The firm earned “Sector Weight” rating on Friday, December 18 by KeyBanc Capital Markets. BMO Capital Markets initiated ServiceNow, Inc. (NYSE:NOW) on Tuesday, September 20 with “Market Perform” rating. The company was upgraded on Monday, October 23 by PiperJaffray. Morgan Stanley maintained it with “Overweight” rating and $172 target in Tuesday, January 30 report. Barclays Capital maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, July 27 with “Overweight” rating. The firm earned “Buy” rating on Thursday, October 26 by Robert W. Baird. On Thursday, October 27 the stock rating was upgraded by BMO Capital Markets to “Outperform”. Canaccord Genuity maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, June 1 with “Buy” rating. The rating was initiated by Mizuho on Monday, January 22 with “Buy”.

Since January 9, 2018, it had 0 insider purchases, and 14 insider sales for $71.93 million activity. Desai Chirantan Jitendra sold $3.09 million worth of stock or 19,742 shares. Another trade for 2,373 shares valued at $374,412 was sold by Schneider David. Slootman Frank also sold $853,898 worth of ServiceNow, Inc. (NYSE:NOW) shares. 100,000 shares were sold by LUDDY FREDERIC B, worth $13.54M on Tuesday, January 9. $3.68 million worth of ServiceNow, Inc. (NYSE:NOW) was sold by Scarpelli Michael. MILLER JEFFREY A sold 12,821 shares worth $2.08 million.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on April, 25 after the close. They expect $-0.07 earnings per share, up 61.11% or $0.11 from last year’s $-0.18 per share. After $-0.23 actual earnings per share reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -69.57% EPS growth.

Ardsley Advisory Partners, which manages about $862.45M and $823.02M US Long portfolio, upped its stake in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 167,500 shares to 587,500 shares, valued at $17.52 million in 2017Q4, according to the filing. It also increased its holding in Cigna Corporation (NYSE:CI) by 2,500 shares in the quarter, for a total of 6,000 shares, and has risen its stake in Fortress Trans Infrst Invs L.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.33, from 1.38 in 2017Q3. It dived, as 42 investors sold NOW shares while 132 reduced holdings. 67 funds opened positions while 116 raised stakes. 167.59 million shares or 1.79% less from 170.65 million shares in 2017Q3 were reported. Asset Mngmt One Com Limited holds 0.08% or 288,276 shares. Nordea Invest owns 63,131 shares. Aqr Mgmt Ltd Com holds 0.01% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 67,800 shares. Macguire Cheswick And Tuttle Invest Counsel Limited Company holds 6,205 shares or 0.15% of its portfolio. Dubuque Bancorporation And Tru holds 65 shares. Moreover, Sei Investments Company has 0.07% invested in ServiceNow, Inc. (NYSE:NOW). Bridgeway Capital Mngmt Inc owns 68,000 shares. Mackenzie invested in 0.18% or 578,215 shares. Emerald Advisers Pa owns 0.09% invested in ServiceNow, Inc. (NYSE:NOW) for 17,728 shares. Services Automobile Association reported 0.09% stake. Aperio Gru Ltd Liability Co invested in 51,478 shares or 0.03% of the stock. Hartford has invested 0.09% in ServiceNow, Inc. (NYSE:NOW). Pitcairn holds 0.16% or 12,368 shares in its portfolio. Andra Ap reported 11,300 shares. Sheets Smith Wealth Management has invested 0.98% in ServiceNow, Inc. (NYSE:NOW).

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