5 Best Software Stocks To Buy According To Billionaire Chase Coleman

3. ServiceNow Inc. (NASDAQ: NOW)

Chase Coleman looks bullish over the future fundamentals of ServiceNow (NASDAQ: NOW). His hedge fund raised its stake in enterprise cloud computing solutions provider by 10% to 1.69 million shares valued at around $900 million. The firm first initiated a position in NOW stock during the third quarter of 2017 and it appears that Tiger Global has been benefiting from its position. Shares of ServiceNow rallied almost 700% in the last four years and the stock price is up 94% in the last twelve months.

ServiceNow was in record 96 hedge funds’ portfolios at the end of December. Our calculations also showed that NOW ranked 25th among the 30 most popular stocks among hedge funds (click for Q4 rankings).