Aristotle Capital: “We Continue to Believe that TWLO is a Secular Winner in the CCaaS Space”

Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Focus Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Atlantic’s Focus Growth Composite posted a total return of -9.30% gross of fees (-9.34% net of fees), underperforming the -9.04% total return of the Russell 1000 Growth Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Aristotle Capital Management Focus Growth Fund mentioned Twilio Inc. (NYSE:TWLO) and explained its insights for the company. Founded in 2008, Twilio Inc. (NYSE:TWLO) is a San Francisco, California-based software company with a $19.1 billion market capitalization. Twilio Inc. (NYSE:TWLO) delivered a -60.06% return since the beginning of the year, while its 12-month returns are down by -68.27%. The stock closed at $105.17 per share on May 31, 2022.

Here is what Aristotle Capital Management Focus Growth Fund has to say about Twilio Inc. (NYSE:TWLO) in its Q1 2022 investor letter:

Twilio detracted from performance in the first quarter, as the increase in interest rates continued to affect valuations of high growth, high valuation technology stocks. The multiple compression seen across the sector did not spare Twilio, even with strong fourth quarter results that beat expectations and a first quarter 2022 guidance for topline growth to be above consensus. We continue to believe that Twilio is a secular winner in the CCaaS space and view the long-term growth and profitability targets as achievable.”

IT Support Specialist, software


Our calculations show that Twilio Inc. (NYSE:TWLO)  fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Twilio Inc. (NYSE:TWLO) was in 75 hedge fund portfolios at the end of the first quarter of 2022, compared to 80 funds in the previous quarter. Twilio Inc. (NYSE:TWLO) delivered a -36.68% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.