13 High Growth Large Cap Stocks To Invest In

9. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 110

Average 5-Year Revenue Growth: 27.07%

ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that helps businesses automate and simplify their workflows. The company is headquartered in Santa Clara, California. On February 26, ServiceNow acquired Quality 360 from Advania to step up its game in manufacturing. Quality 360 helps manufacturers identify and fix quality issues early, thus cutting costs and reducing risks. With AI-powered insights and real-time tools, it makes production smoother and more efficient. This move is part of ServiceNow’s bigger plan to transform manufacturing and build on partnerships with companies like Siemens, Visa, and Genesys to drive innovation across industries. NOW is one of the top high growth stocks to monitor.

ServiceNow, Inc. (NYSE:NOW) had a robust Q4, topping expectations with 21% subscription revenue growth and a 29.5% operating margin. The company closed 19 big deals worth over $5 million each and landed its largest new customer ever. Two more clients hit the $100 million mark in total contract value, doubling that number in just one quarter. NOW’s free cash flow for the year came in at $3.5 billion, with a 31.5% margin, which also exceeded market projections. With $10 billion in cash and investments, ServiceNow also expanded its stock buyback program, adding another $3 billion in repurchase authorization.

According to Insider Monkey’s Q4 data, 110 hedge funds reported owning stakes in ServiceNow, Inc. (NYSE:NOW), a significant jump from 78 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder of the company, with 1.68 million shares valued at $1.78 billion.