Glynn Capital Management Increased Its Servicenow (NOW) Stake by $3.88 Million; Stock Rose; As Church & Dwight (CHD) Share Price Declined, Holder Renaissance Technologies Has Trimmed Stake

May 22, 2018 - By Nellie Frank

ServiceNow, Inc. (NYSE:NOW) Logo

Glynn Capital Management Llc increased its stake in Servicenow Inc. (NOW) by 23.15% based on its latest 2017Q4 regulatory filing with the SEC. Glynn Capital Management Llc bought 29,835 shares as the company’s stock rose 26.03% while stock markets declined. The hedge fund held 158,733 shares of the technology company at the end of 2017Q4, valued at $20.70 million, up from 128,898 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Servicenow Inc. for a number of months, seems to be bullish on the $30.29B market cap company. The stock decreased 1.43% or $2.49 during the last trading session, reaching $171.45. About 1.08 million shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 91.85% since May 22, 2017 and is uptrending. It has outperformed by 80.30% the S&P500.

Jim Simons decreased its stake in Church & Dwight Inc (CHD) by 49.34% based on its latest 2017Q4 regulatory filing with the SEC. Renaissance Technologies Llc sold 828,900 shares as the company’s stock declined 3.78% with the market. The hedge fund run by Jim Simons held 851,000 shares of the basic industries company at the end of 2017Q4, valued at $42.70M, down from 1.68M at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Church & Dwight Inc for a number of months, seems to be less bullish one the $11.36B market cap company. The stock increased 0.63% or $0.29 during the last trading session, reaching $46.41. About 1.93 million shares traded. Church & Dwight Co., Inc. (NYSE:CHD) has declined 4.22% since May 22, 2017 and is downtrending. It has underperformed by 15.77% the S&P500.

Among 41 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 8 Hold. Therefore 80% are positive. ServiceNow Inc had 132 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, April 1 by Piper Jaffray. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, January 31. The rating was maintained by Piper Jaffray with “Buy” on Monday, November 6. Goldman Sachs maintained the shares of NOW in report on Thursday, April 21 with “Neutral” rating. The company was maintained on Monday, July 24 by Northland Capital. The stock of ServiceNow, Inc. (NYSE:NOW) has “Buy” rating given on Thursday, February 1 by Credit Suisse. The rating was upgraded by Mizuho on Friday, July 15 to “Buy”. The rating was maintained by Piper Jaffray on Monday, April 23 with “Buy”. The stock of ServiceNow, Inc. (NYSE:NOW) has “Outperform” rating given on Tuesday, April 26 by Macquarie Research. The rating was maintained by UBS with “Buy” on Thursday, November 9.

Glynn Capital Management Llc, which manages about $659.77M and $465.17M US Long portfolio, decreased its stake in Mercadolibre Inc. (NASDAQ:MELI) by 3,651 shares to 35,092 shares, valued at $11.04M in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc. Class A by 1,877 shares in the quarter, leaving it with 17,836 shares, and cut its stake in Atlassian Corporation.

Since January 9, 2018, it had 0 insider buys, and 19 insider sales for $109.13 million activity. The insider Slootman Frank sold 100,000 shares worth $16.13 million. BOSTROM SUSAN L sold 19,673 shares worth $2.80M. $2.68M worth of ServiceNow, Inc. (NYSE:NOW) was sold by Desai Chirantan Jitendra. Shares for $374,412 were sold by Schneider David on Thursday, February 22. MILLER JEFFREY A had sold 12,821 shares worth $2.08M. $5.69M worth of ServiceNow, Inc. (NYSE:NOW) shares were sold by LUDDY FREDERIC B.

More notable recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “Will ServiceNow Make Any Acquisitions In India?” on May 04, 2018, also Seekingalpha.com with their article: “ServiceNow To Acquire Parlo For Chatbot AI Tech” published on May 04, 2018, Seekingalpha.com published: “ServiceNow To Acquire VendorHawk For Subscription Management” on April 26, 2018. More interesting news about ServiceNow, Inc. (NYSE:NOW) were released by: Seekingalpha.com and their article: “ServiceNow: Precarious Valuation Weighs On Good Results” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “ServiceNow 2018 Q1 – Results – Earnings Call Slides” with publication date: April 25, 2018.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.33, from 1.38 in 2017Q3. It dropped, 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. Bp Public Limited Liability reported 0.09% stake. Moreover, Glenmede Na has 0.01% invested in ServiceNow, Inc. (NYSE:NOW). Raymond James Tru Na has invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Tributary Cap Mgmt Lc accumulated 10,060 shares. Comerica Fincl Bank owns 8,813 shares. Menta Ltd Liability Company accumulated 8,200 shares or 0.21% of the stock. Geode Mgmt Llc holds 1.28M shares. Plante Moran Advsrs Limited Liability Company has invested 0.01% in ServiceNow, Inc. (NYSE:NOW). Friess Assocs Limited Com holds 151,063 shares. Captrust Fincl Advsr accumulated 108 shares. Raymond James Advisors has invested 0.09% in ServiceNow, Inc. (NYSE:NOW). 494,013 were reported by Victory Management. Scout Invs has invested 0.37% in ServiceNow, Inc. (NYSE:NOW). Moreover, Gradient Limited Liability has 0% invested in ServiceNow, Inc. (NYSE:NOW). Barrett Asset Mngmt Ltd Com holds 0.01% in ServiceNow, Inc. (NYSE:NOW) or 1,330 shares.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.01, from 0.95 in 2017Q3. It is positive, as 50 investors sold CHD shares while 220 reduced holdings. 67 funds opened positions while 192 raised stakes. 197.64 million shares or 0.87% more from 195.93 million shares in 2017Q3 were reported. 5,421 were accumulated by Northwestern Mutual Wealth Mngmt. Mai Capital has 0.05% invested in Church & Dwight Co., Inc. (NYSE:CHD) for 17,928 shares. Bbva Compass National Bank & Trust reported 7,631 shares. S&Co Inc has 706,401 shares. Tributary Capital Mgmt Ltd Liability accumulated 32,400 shares. Insur Tx holds 0.49% or 192,560 shares. Ameritas Investment Prtnrs holds 0.01% or 5,507 shares. Paloma Prtn Management Com accumulated 5,252 shares or 0% of the stock. Wagner Bowman Management accumulated 6,124 shares or 0.08% of the stock. Bb&T Secs Limited Liability Company holds 0.05% or 69,484 shares in its portfolio. Seizert Lc holds 888,171 shares or 1.6% of its portfolio. Geller Family Office Ltd Liability Company accumulated 0.11% or 4,495 shares. Putnam Limited Com invested in 0.01% or 114,748 shares. Perigon Wealth Mgmt Ltd Com holds 0.01% or 500 shares. Legacy Capital Prtn has 39,301 shares.

Among 21 analysts covering Church & Dwight (NYSE:CHD), 5 have Buy rating, 5 Sell and 11 Hold. Therefore 24% are positive. Church & Dwight had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Church & Dwight Co., Inc. (NYSE:CHD) earned “Buy” rating by Jefferies on Wednesday, April 19. On Friday, November 3 the stock rating was maintained by Jefferies with “Buy”. The stock has “Outperform” rating by Macquarie Research on Monday, May 7. The rating was maintained by Citigroup with “Neutral” on Friday, August 5. Deutsche Bank maintained the stock with “Buy” rating in Friday, August 5 report. The firm has “Market Perform” rating given on Tuesday, November 15 by Wells Fargo. The stock of Church & Dwight Co., Inc. (NYSE:CHD) has “Buy” rating given on Monday, July 17 by Jefferies. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Hold” rating on Thursday, January 4 by Wells Fargo. Oppenheimer maintained the shares of CHD in report on Friday, October 27 with “Hold” rating.

Analysts await Church & Dwight Co., Inc. (NYSE:CHD) to report earnings on August, 2. They expect $0.46 EPS, up 12.20% or $0.05 from last year’s $0.41 per share. CHD’s profit will be $112.57M for 25.22 P/E if the $0.46 EPS becomes a reality. After $0.63 actual EPS reported by Church & Dwight Co., Inc. for the previous quarter, Wall Street now forecasts -26.98% negative EPS growth.

Another recent and important Church & Dwight Co., Inc. (NYSE:CHD) news was published by Benzinga.com which published an article titled: “Macquarie Upgrades Church & Dwight After Beat-and-Raise Quarter” on May 07, 2018.

Since February 26, 2018, it had 2 buys, and 4 insider sales for $25.57 million activity. 78 shares valued at $3,717 were bought by Bomhard Britta on Wednesday, May 9. The insider KATZ STEVEN J sold $638,319. 600 shares were bought by Zagorski Judy A., worth $28,494.

Renaissance Technologies Llc, which manages about $63.99B and $90.70 billion US Long portfolio, upped its stake in Greenbrier Cos Inc (NYSE:GBX) by 352,301 shares to 626,000 shares, valued at $33.37M in 2017Q4, according to the filing. It also increased its holding in Emergent Biosolutions Inc (NYSE:EBS) by 432,300 shares in the quarter, for a total of 1.58M shares, and has risen its stake in Webster Finl Corp Conn (NYSE:WBS).

Church & Dwight Co., Inc. (NYSE:CHD) Institutional Positions Chart

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