Is it Worthy to Invest in Aspen Technology (AZPN)?

Polen Capital, an investment management firm, published its “Polen US SMID Company Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Over the first quarter, the Polen U.S. SMID Company Growth Composite Portfolio (the “Portfolio”) returned -23.81% gross and -24.02% net of fees, respectively, underperforming the Russell 2500 Growth Index’s -12.30% return.  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, Polen US SMID Company Growth Fund mentioned Aspen Technology, Inc. (NASDAQ:AZPN) and explained its insights for the company. Founded in 1981, Aspen Technology, Inc. (NASDAQ:AZPN) is a Bedford, Massachusetts-based software and services provider with a $12.5 billion market capitalization. Aspen Technology, Inc. (NASDAQ:AZPN) delivered a 32.33% return since the beginning of the year, while its 12-month returns are down by 44.77%. The stock closed at $203.44 per share on June 02, 2022.

Here is what Polen US SMID Company Growth Fund has to say about Aspen Technology, Inc. (NASDAQ:AZPN) in its Q1 2022 investor letter:

“Asset optimization software company Aspen Technology is one of our long-time holdings. We anticipate growth in the business to accelerate as both customer demand and business conditions in many of the company’s key end markets continue to improve. The company had been previously challenged, in part, by weaker energy prices and the impact of the pandemic. Still, we believe the strategic imperative for its customers to operate assets more efficiently and sustainably remains intact.”

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Our calculations show that Aspen Technology, Inc. (NASDAQ:AZPN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Aspen Technology, Inc. (NASDAQ:AZPN) was in # hedge fund portfolios at the end of the first quarter of 2022, compared to # funds in the previous quarter. Aspen Technology, Inc. (NASDAQ:AZPN) delivered a 34.16% 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.