MayTech Global Investments LLC Has $37.59 Million Stock Holdings in ServiceNow, Inc. $NOW

Posted by Casey Walker on Jun 15th, 2026

MayTech Global Investments LLC raised its stake in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 397.9% in the 4th quarter, HoldingsChannel reports. The firm owned 245,366 shares of the information technology services provider’s stock after purchasing an additional 196,085 shares during the period. ServiceNow makes up 3.8% of MayTech Global Investments LLC’s portfolio, making the stock its 10th biggest position. MayTech Global Investments LLC’s holdings in ServiceNow were worth $37,588,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Minot DeBlois Advisors LLC lifted its position in ServiceNow by 441.3% during the fourth quarter. Minot DeBlois Advisors LLC now owns 3,735 shares of the information technology services provider’s stock valued at $572,000 after purchasing an additional 3,045 shares during the last quarter. Motiv8 Investments LLC lifted its position in ServiceNow by 439.6% during the fourth quarter. Motiv8 Investments LLC now owns 8,369 shares of the information technology services provider’s stock valued at $1,282,000 after purchasing an additional 6,818 shares during the last quarter. Next Century Growth Investors LLC lifted its position in ServiceNow by 299.6% during the fourth quarter. Next Century Growth Investors LLC now owns 12,870 shares of the information technology services provider’s stock valued at $1,972,000 after purchasing an additional 9,649 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in ServiceNow by 350.2% during the fourth quarter. Nicolet Advisory Services LLC now owns 6,582 shares of the information technology services provider’s stock valued at $939,000 after purchasing an additional 5,120 shares during the last quarter. Finally, Fieldview Capital Management LLC lifted its position in ServiceNow by 328.5% during the fourth quarter. Fieldview Capital Management LLC now owns 6,205 shares of the information technology services provider’s stock valued at $951,000 after purchasing an additional 4,757 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Trading Up 0.2%

NOW stock opened at $102.34 on Monday. The company has a market capitalization of $105.51 billion, a PE ratio of 60.99, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The company’s 50 day moving average price is $99.80 and its two-hundred day moving average price is $119.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. As a group, analysts predict that ServiceNow, Inc. will post 2.35 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 transaction, the insider directly owned 29,531 shares of the company’s stock, valued at $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the transaction, the insider directly owned 12,072 shares in the company, valued at approximately $1,189,212.72. The trade was a 7.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 28,071 shares of company stock valued at $2,529,956 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow lifted its 2026 AI revenue target to $1.5 billion, signaling that demand for Now Assist is strong and that customers are expanding AI deployments and spending more on the platform. Can Strong Demand in Now Assist Boost ServiceNow’s AI Revenue Growth?
Positive Sentiment: IBM and ServiceNow announced a partnership aimed at helping enterprises modernize legacy IT systems and scale agentic AI, which could support longer-term adoption of ServiceNow’s workflow automation and AI tools. IBM And ServiceNow Target Enterprise AI Scale While Seeding Future Talent
Positive Sentiment: Analysts and commentators highlighted ServiceNow as a potential AI winner in the second half of 2026, reinforcing the market’s view that the company could benefit from rising enterprise AI spending. The AI Trade Nobody Is Making Right Now — and Why It Could Be 2026’s Best Opportunity
Neutral Sentiment: ServiceNow and IBM also drew attention for targeting legacy IT modernization, but the immediate impact on the stock is likely more strategic than near-term financial. ServiceNow, IBM team up to target legacy IT
Negative Sentiment: The stock has also been under pressure from profit-taking and a broader selloff in software names, which has weighed on sentiment despite the company’s AI growth narrative. What’s Going On With ServiceNow Stock Thursday?
Negative Sentiment: Reports of additional Bay Area tech job cuts added to concerns about the broader enterprise software and technology labor backdrop, though this is not specific to ServiceNow’s core results. ServiceNow, Salesforce, other tech firms reveal more Bay Area job cuts

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NOW shares. Canaccord Genuity Group dropped their target price on ServiceNow from $200.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Piper Sandler dropped their target price on ServiceNow from $200.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Barclays restated an “overweight” rating and issued a $134.00 target price (up from $132.00) on shares of ServiceNow in a research report on Tuesday, May 5th. BNP Paribas Exane raised shares of ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Monday, March 16th. Finally, Cantor Fitzgerald decreased their price target on shares of ServiceNow to $122.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus target price of $141.85.

Get Our Latest Analysis on NOW

About ServiceNow

(Free Report)

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.