Bentley Systems (BSY)

• Market cap: $16.1B
• 1 day: -0.97%
• 5 days: -1.6%
• 1 month: 1.09%
• 3 months: 7.65%
• 6 months: 29.79%
• Year to date: 13.85%
• 1 year: 8.33%
• 5 years: 58.08%
• 10 years: 58.08%
• Sector: Technology
• Industry: Software - Application

About: Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation, project management, 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. Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.

Employees: 5,500

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

284% more call options, than puts

Call options by funds: $60M | Put options by funds: $15.6M

100% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 6 (+3) [Q2]

44% more capital invested

Capital invested by funds: $4.84B [Q1] → $6.96B (+$2.12B) [Q2]

39% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 61

4% more funds holding

Funds holding: 428 [Q1] → 447 (+19) [Q2]

1.99% more ownership

Funds ownership: 42.19% [Q1] → 44.18% (+1.99%) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 150

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47
• Avg. target: $59
• High target: $65

7 analyst ratings

• positive: 4 57%
• neutral: 2 29%
• negative: 1 14%

Goldman Sachs Kash Rangan	$47	Sell Maintained	7 Aug 2025
UBS Taylor McGinnis	$60	Neutral Maintained	7 Aug 2025
Piper Sandler Clarke Jeffries	$63	Overweight Maintained	7 Aug 2025
Oppenheimer Kristen Owen	$65	Outperform Maintained	7 Aug 2025
Rosenblatt Blair Abernethy	$58	Neutral Downgraded	7 Aug 2025