Sands Capital Management Upped By $281.86 Million Its Servicenow (NOW) Position; Valero Energy (VLO) Had 13 Bullish Analysts

September 17, 2017 - By Adrian Erickson

Sands Capital Management Llc increased Servicenow Inc (NOW) stake by 2208.07% reported in 2016Q4 SEC filing. Sands Capital Management Llc acquired 3.81 million shares as Servicenow Inc (NOW)’s stock rose 7.07%. The Sands Capital Management Llc holds 3.98 million shares with $295.98M value, up from 172,500 last quarter. Servicenow Inc now has $19.72B valuation. The stock increased 0.13% or $0.15 on September 15, reaching $116.11. About 1.00 million shares traded. ServiceNow Inc (NYSE:NOW) has risen 42.37% since September 17, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Among 20 analysts covering Valero Energy Corporation (NYSE:VLO), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Valero Energy Corporation had 47 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained Valero Energy Corporation (NYSE:VLO) rating on Monday, August 22. Piper Jaffray has “Neutral” rating and $54 target. The stock of Valero Energy Corporation (NYSE:VLO) has “Neutral” rating given on Monday, April 11 by Credit Suisse. On Wednesday, January 4 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Buy” rating by Jefferies on Wednesday, August 23. On Tuesday, May 16 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Valero Energy Corporation (NYSE:VLO) earned “Buy” rating by Argus Research on Wednesday, December 16. The rating was maintained by RBC Capital Markets on Friday, January 29 with “Outperform”. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) rating on Friday, July 31. RBC Capital Markets has “Outperform” rating and $76 target. The rating was maintained by Piper Jaffray on Friday, May 26 with “Neutral”. Mizuho maintained the stock with “Buy” rating in Friday, February 3 report. See Valero Energy Corporation (NYSE:VLO) latest ratings:

30/08/2017 Broker: Cowen & Co Rating: Buy New Target: $70.0 Maintain
31/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $77.0 Maintain
23/08/2017 Broker: Jefferies Rating: Buy Old Target: $80 New Target: $78 Maintain
27/07/2017 Broker: Cowen & Co Rating: Buy New Target: $70.0000 Maintain
27/07/2017 Broker: Jefferies Rating: Buy New Target: $80.0000 Maintain
20/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $77.0000 Maintain
17/07/2017 Broker: Citigroup Rating: Buy Old Target: $70 New Target: $68 Maintain
26/06/2017 Broker: Scotia Capital Rating: Buy New Target: $70.0000
20/06/2017 Broker: Credit Suisse Rating: Hold New Target: $65.0000
15/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $77.0000 Maintain

Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.12, from 1.35 in 2016Q3. It turned negative, as 41 investors sold NOW shares while 113 reduced holdings. 53 funds opened positions while 92 raised stakes. 158.52 million shares or 2.18% less from 162.05 million shares in 2016Q3 were reported. Retail Bank Of America Corporation De has 0.03% invested in ServiceNow Inc (NYSE:NOW) for 2.00M shares. Nomura Holding, Japan-based fund reported 128,745 shares. Pnc Fincl Serv Grp accumulated 0% or 24,325 shares. Teacher Retirement Systems Of Texas reported 0.09% of its portfolio in ServiceNow Inc (NYSE:NOW). Commerzbank Aktiengesellschaft Fi owns 7,368 shares or 0.01% of their US portfolio. Aperio Gru invested in 0.02% or 34,738 shares. Kanaly holds 0% or 10 shares in its portfolio. Envestnet Asset Mgmt stated it has 5,356 shares. Moreover, Waddell & Reed Finance has 0.26% invested in ServiceNow Inc (NYSE:NOW) for 1.58 million shares. Amp Cap Limited holds 0.02% in ServiceNow Inc (NYSE:NOW) or 47,368 shares. Jericho Capital Asset Mngmt Lp invested in 3.15% or 692,610 shares. Credit Agricole S A holds 48,802 shares. Tower Rech Capital Ltd Liability Company (Trc) reported 3,731 shares. The Illinois-based One Trading Limited Partnership has invested 0% in ServiceNow Inc (NYSE:NOW). Shearlink Ltd Liability Corporation invested in 396,051 shares or 9.9% of the stock.

Among 36 analysts covering ServiceNow Inc (NYSE:NOW), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. ServiceNow Inc had 70 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs initiated the stock with “Neutral” rating in Friday, December 11 report. The stock of ServiceNow Inc (NYSE:NOW) earned “Outperform” rating by BMO Capital Markets on Thursday, October 27. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. On Monday, May 29 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of ServiceNow Inc (NYSE:NOW) has “Perform” rating given on Friday, June 17 by Oppenheimer. Wells Fargo initiated the shares of NOW in report on Wednesday, January 11 with “Market Perform” rating. As per Tuesday, September 20, the company rating was initiated by BMO Capital Markets. As per Thursday, September 15, the company rating was initiated by Guggenheim. The stock of ServiceNow Inc (NYSE:NOW) earned “Neutral” rating by M Partners on Monday, April 24. Canaccord Genuity maintained ServiceNow Inc (NYSE:NOW) on Thursday, June 1 with “Buy” rating.

Sands Capital Management Llc decreased Monsanto Co (NYSE:MON) stake by 5.51M shares to 3.66M valued at $384.61 million in 2016Q4. It also reduced Las Vegas Sands Corp (NYSE:LVS) stake by 102,700 shares and now owns 5.40 million shares. Alphabet Inc was reduced too.

Since March 21, 2017, it had 1 insider purchase, and 8 sales for $79.22 million activity. Donahoe John J bought $1.10 million worth of stock. $14.18M worth of ServiceNow Inc (NYSE:NOW) was sold by Slootman Frank on Monday, May 1. Schneider David sold $217,661 worth of ServiceNow Inc (NYSE:NOW) on Friday, May 12. Another trade for 167,000 shares valued at $14.20 million was sold by LUDDY FREDERIC B.

Valero Energy Corporation is an independent petroleum refiner and ethanol producer. The company has market cap of $31.42 billion. The Company’s divisions include refining, ethanol and Valero Energy Partners LP (VLP). It has a 17.63 P/E ratio. The refining segment includes its refining activities and the associated marketing activities.

The stock increased 1.70% or $1.19 on September 15, reaching $71.13. About 6.86 million shares traded or 84.41% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since September 17, 2016 and is uptrending. It has underperformed by 1.41% the S&P500.

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