Bentley SystemsBSY
Market Cap: $15.4B
About: Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
Employees: 5,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
552% more call options, than puts
Call options by funds: $19.7M | Put options by funds: $3.02M
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
93% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 44
24% more repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 125
11% more funds holding
Funds holding: 370 [Q1] → 411 (+41) [Q2]
0.43% more ownership
Funds ownership: 41.81% [Q1] → 42.23% (+0.43%) [Q2]
4% less capital invested
Capital invested by funds: $6.24B [Q1] → $6.01B (-$224M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Rosenblatt Blair Abernethy 0 / 0 met price target | 21%upside $62 | Buy Maintained | 16 Sept 2024 |
Goldman Sachs Kash Rangan 0% 1-year accuracy 0 / 1 met price target | 2%downside $50 | Neutral Maintained | 7 Aug 2024 |
RBC Capital Matthew Hedberg 48% 1-year accuracy 40 / 84 met price target | 19%upside $61 | Outperform Reiterated | 7 Aug 2024 |
Rosenblatt Blair Abernethy 0 / 0 met price target | 21%upside $62 | Buy Maintained | 7 Aug 2024 |
Piper Sandler Clarke Jeffries 72% 1-year accuracy 18 / 25 met price target | 23%upside $63 | Overweight Reiterated | 7 Aug 2024 |