Bentley Systems
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 Q3 regulatory filings by fund managers ($100M+ AUM)
1,607% more call options, than puts
Call options by funds: $26.4M | Put options by funds: $1.55M
5% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 147
4% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 55
2% more capital invested
Capital invested by funds: $6.12B [Q2] → $6.26B (+$133M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.58% less ownership
Funds ownership: 43.02% [Q2] → 42.44% (-0.58%) [Q3]
2% less funds holding
Funds holding: 411 [Q2] → 404 (-7) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Clarke Jeffries 51% 1-year accuracy 27 / 53 met price target | 23%upside $57 | Overweight Maintained | 8 Jan 2025 |
JP Morgan Alexei Gogolev 43% 1-year accuracy 12 / 28 met price target | 12%upside $52 | Neutral Initiated | 9 Dec 2024 |
Rosenblatt Blair Abernethy 48% 1-year accuracy 25 / 52 met price target | 33%upside $62 | Buy Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 3 articles about BSY published over the past 30 days
