Here’s What Makes Anaplan (PLAN) a Great Investment Choice

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned Anaplan, Inc. (NYSE:PLAN) and explained its insights for the company. Founded in 2006, Anaplan, Inc. (NYSE:PLAN) is a San Francisco, California-based business planning software company with a $9.5 billion market capitalization. Anaplan, Inc. (NYSE:PLAN) delivered a -31.65% return since the beginning of the year, while its 12-month returns are down by -25.00%. The stock closed at $63.73 per share on June 28, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about Anaplan, Inc. (NYSE:PLAN) in its Q1 2022 investor letter:

Anaplan (NYSE:PLAN) provides predictive planning software for enterprises to model financial, sales, and supply chain dynamics. The company delivered strong quarterly results, with revenue and profitability ahead of expectations, led by a return in larger deal signings. Late in the quarter, a large private equity firm focused on software and technology announced it would acquire Anaplan for a hefty premium, sending the stock higher.”


Photo by Hack Capital on Unsplash

Our calculations show that Anaplan, Inc. (NYSE:PLAN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Anaplan, Inc. (NYSE:PLAN) was in 47 hedge fund portfolios at the end of the first quarter of 2022, compared to 47 funds in the previous quarter. Anaplan, Inc. (NYSE:PLAN) delivered a -28.95% return in the past 3 months.

In April 2021, we also shared another hedge fund’s views on Anaplan, Inc. (NYSE:PLAN) in another article. 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.