Servicenow (NOW) Shareholder Ithaka Group Raised Position; As Synchronoss Technologies (SNCR) Shares Were Volatile, Elk Creek Partners Lifted Holding

June 20, 2018 - By Vivian Park

ServiceNow, Inc. (NYSE:NOW) Logo

Elk Creek Partners Llc increased its stake in Synchronoss Technologies Inc (SNCR) by 4.39% based on its latest 2018Q1 regulatory filing with the SEC. Elk Creek Partners Llc bought 109,130 shares as the company’s stock 0.00% . The institutional investor held 2.60 million shares of the technology company at the end of 2018Q1, valued at $27.40 million, up from 2.49M at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Synchronoss Technologies Inc for a number of months, seems to be bullish on the $320.73 million market cap company. The stock decreased 2.88% or $0.2 during the last trading session, reaching $6.75. About shares traded. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has 0.00% since June 20, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical SNCR News: 11/04/2018 – Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4); 04/05/2018 – SYNCHRONOSS TECHNOLOGIES INC – ACQUISITION IS EXPECTED TO CLOSE TOWARDS END OF MAY; 09/03/2018 – Synchronoss Technologies: Co Hasn’t Filed Annual Report on Form 10-K for Yr Ended Dec. 31; 09/03/2018 – Synchronoss Technologies: Nasdaq Notifes Co of Its Noncompliance With Nasdaq Listing Rule; 29/03/2018 – Synchronoss Technologies’ CEO Glenn Lurie on Management Update – Call Transcript; 09/05/2018 – SYNCHRONOSS NEEDS MORE TIME TO COMPLY WITH NASDAQ REQUIREMENTS; 11/05/2018 – Synchronoss Previously Said It Wouldn’t Meet May 10 Deadline for Regaining Nasdaq Compliance; 22/03/2018 – SYNCHRONOSS TECHNOLOGIES INC – RENEWED EXISTING AGREEMENT WITH VERIZON TO POWER VERIZON’S CLOUD SOLUTION FOR WIRELESS CUSTOMERS FOR ADDITIONAL 5 YEARS; 09/03/2018 Synchronoss Receives NASDAQ Letter; 04/05/2018 – SYNCHRONOSS TECHNOLOGIES INC – HAS SIGNED AN AGREEMENT TO ACQUIRE DIXONS CARPHONE PLC’S HONEYBEE SOFTWARE BUSINESS

Ithaka Group Llc increased its stake in Servicenow Inc. (NOW) by 26.38% based on its latest 2018Q1 regulatory filing with the SEC. Ithaka Group Llc bought 25,885 shares as the company’s stock rose 10.06% while stock markets declined. The institutional investor held 124,004 shares of the technology company at the end of 2018Q1, valued at $20.52 million, up from 98,119 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Servicenow Inc. for a number of months, seems to be bullish on the $32.44 billion market cap company. The stock decreased 1.50% or $2.8 during the last trading session, reaching $183.61. About 1.50M shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 69.08% since June 20, 2017 and is uptrending. It has outperformed by 56.51% the S&P500. Some Historical NOW News: 25/04/2018 – TECHNOLOGY EXECUTIVE DENNIS WOODSIDE JOINS SERVICENOW BOARD OF DIRECTORS; COMPANY FOUNDER FRED LUDDY TO BECOME NEW BOARD CHAIR; 17/05/2018 – Fairchild Resiliency Systems Recognized by ServiceNow at Global PartnerNow Summit; 08/05/2018 – KPMG attains ‘Winner’s Circle’ status in HfS Blueprint report: ServiceNow Services 2018; 25/04/2018 – SERVICENOW INC QTRLY SHR $0.06; 03/05/2018 – ServiceNow Acquires Parlo, Al Workforce Solution; 25/04/2018 – ServiceNow to Acquire Seattle-based VendorHawk Inc; 25/04/2018 – SERVICENOW 1Q ADJ EPS 56C, EST. 37C; 01/05/2018 – Sarasin & Partners Adds ServiceNow, Exits Facebook: 13F; 04/05/2018 – CipherCloud CASB+ Platform Combines Powerful Cloud Security with Data Protection and Compliance for ServiceNow Ecosystem; 07/03/2018 – DocuSign picks banks for potential IPO in April

Among 8 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Synchronoss Technologies Inc. had 19 analyst reports since July 31, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the shares of SNCR in report on Thursday, February 4 to “Hold” rating. The stock of Synchronoss Technologies, Inc. (OTCMKTS:SNCR) earned “Underperform” rating by Credit Suisse on Monday, May 22. The firm has “Sell” rating given on Thursday, December 7 by Credit Suisse. Drexel Hamilton downgraded Synchronoss Technologies, Inc. (OTCMKTS:SNCR) on Wednesday, June 14 to “Hold” rating. Stifel Nicolaus maintained the shares of SNCR in report on Wednesday, November 29 with “Hold” rating. Raymond James upgraded the shares of SNCR in report on Thursday, October 29 to “Strong Buy” rating. Stifel Nicolaus maintained Synchronoss Technologies, Inc. (OTCMKTS:SNCR) on Friday, June 23 with “Hold” rating. Stephens initiated Synchronoss Technologies, Inc. (OTCMKTS:SNCR) on Wednesday, August 10 with “Overweight” rating. Stifel Nicolaus maintained Synchronoss Technologies, Inc. (OTCMKTS:SNCR) on Wednesday, October 18 with “Hold” rating. JP Morgan initiated it with “Overweight” rating and $65 target in Wednesday, January 25 report.

Since January 30, 2018, it had 0 insider purchases, and 4 insider sales for $621,361 activity. Waldis Stephen G sold 36,624 shares worth $326,731. $242,356 worth of Synchronoss Technologies, Inc. (OTCMKTS:SNCR) was sold by Garcia Robert.

Elk Creek Partners Llc, which manages about $800.79 million and $1.71 billion US Long portfolio, decreased its stake in Wageworks Inc (NYSE:WAGE) by 8,699 shares to 455,525 shares, valued at $20.59M in 2018Q1, according to the filing. It also reduced its holding in Wright Med Group N V by 15,816 shares in the quarter, leaving it with 851,144 shares, and cut its stake in Saia Inc (NASDAQ:SAIA).

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.25, from 0.86 in 2017Q4. It is positive, as 15 investors sold SNCR shares while 39 reduced holdings. 23 funds opened positions while 37 raised stakes. 29.97 million shares or 5.23% less from 31.62 million shares in 2017Q4 were reported. California State Teachers Retirement System owns 64,961 shares. Advsr Asset Mgmt Inc has invested 0% of its portfolio in Synchronoss Technologies, Inc. (OTCMKTS:SNCR). Campbell & Inv Adviser Ltd Limited Liability Company stated it has 75,936 shares. Vanguard Grp has 3.58M shares. Arizona State Retirement Systems invested in 68,977 shares or 0.01% of the stock. Exane Derivatives holds 27,777 shares. Elk Creek Partners Ltd Llc has 2.60 million shares. Royal State Bank Of Canada reported 1.60 million shares. Hotchkis & Wiley Ltd Llc holds 129,992 shares or 0.01% of its portfolio. 10,978 were accumulated by Winslow Evans And Crocker Inc. Us National Bank De accumulated 12,044 shares or 0% of the stock. Texas Permanent School Fund accumulated 28,939 shares. Moreover, Ubs Asset Americas has 0% invested in Synchronoss Technologies, Inc. (OTCMKTS:SNCR) for 17,900 shares. Deutsche Natl Bank Ag has 0% invested in Synchronoss Technologies, Inc. (OTCMKTS:SNCR). Blackrock reported 0% in Synchronoss Technologies, Inc. (OTCMKTS:SNCR).

Ithaka Group Llc, which manages about $535.35 million and $595.21M US Long portfolio, decreased its stake in Mastercard Inc. (NYSE:MA) by 4,799 shares to 194,763 shares, valued at $34.12M in 2018Q1, according to the filing. It also reduced its holding in Palo Alto Networks Inc. (NYSE:PANW) by 84,668 shares in the quarter, leaving it with 1,104 shares, and cut its stake in Charles Schwab Corp (NYSE:SCHW).

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.02, from 1.05 in 2017Q4. It is negative, as 34 investors sold NOW shares while 154 reduced holdings. 74 funds opened positions while 120 raised stakes. 166.80 million shares or 0.47% less from 167.59 million shares in 2017Q4 were reported. Blackrock Inc stated it has 9.06M shares. Columbus Hill Capital Lp holds 323,935 shares. Lenox Wealth Mngmt stated it has 254 shares or 0.01% of all its holdings. State Street Corp has 0.04% invested in ServiceNow, Inc. (NYSE:NOW). California State Teachers Retirement System invested in 270,036 shares or 0.1% of the stock. 2,778 were accumulated by Paloma Ptnrs Mgmt. Steadfast Capital Mgmt Limited Partnership holds 1.34% or 457,899 shares. Bw Gestao De Investimentos Ltda has 15,000 shares. New Jersey-based Peapack Gladstone Financial has invested 0% in ServiceNow, Inc. (NYSE:NOW). Atika Cap Management Lc has 1.13% invested in ServiceNow, Inc. (NYSE:NOW) for 20,000 shares. 71 were accumulated by Assetmark Inc. Emerald Advisers Pa owns 14,933 shares for 0.1% of their portfolio. Whittier Tru Of Nevada Incorporated, a Nevada-based fund reported 22 shares. Bridgeway Capital Mngmt Incorporated invested in 0.12% or 68,000 shares. Amundi Pioneer Asset Mngmt Incorporated has 361,953 shares for 0.1% of their portfolio.

Since January 9, 2018, it had 0 buys, and 29 selling transactions for $138.62 million activity. 19,673 ServiceNow, Inc. (NYSE:NOW) shares with value of $2.80 million were sold by BOSTROM SUSAN L. $663,525 worth of ServiceNow, Inc. (NYSE:NOW) was sold by WADORS PATRICIA L. Another trade for 12,821 shares valued at $2.08 million was sold by MILLER JEFFREY A. Schneider David also sold $400,156 worth of ServiceNow, Inc. (NYSE:NOW) shares. Another trade for 5,442 shares valued at $944,707 was made by Slootman Frank on Friday, May 18. LUDDY FREDERIC B had sold 32,500 shares worth $5.69M.

ServiceNow, Inc. (NYSE:NOW) Institutional Positions Chart

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