Is Qualtrics International (XM) A Good Company to Invest In?

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter, the ClearBridge Mid Cap Growth Strategy outperformed the benchmark Russell Midcap Growth Index. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Qualtrics International Inc. (NASDAQ: XM), and shared their insights on the company. Qualtrics International Inc. is a Provo, Utah-based software company that currently has a $17.4 billion market capitalization. Since the beginning of the year, XM delivered a 22.28% return, extending its 12-month gains to 130.66%. As of June 02, 2021, the stock closed at $34.06 per share.

Here is what ClearBridge Investments has to say about Qualtrics International Inc. in its Q1 2021 investor letter:

“Qualtrics is a leading customer experience software vendor that aggregates experience data to allow companies to derive insights and improve experiences for customers. The growing importance of customer experience increases the need for software solutions and Qualtrics is expanding internationally and creating new use cases to focus on employees and brands.”

Our calculations show that Qualtrics International Inc. (NASDAQ: XM) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Qualtrics International Inc. was in 37 hedge fund portfolios. XM delivered a -2.66% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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