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
2% more capital invested
Capital invested by funds: $6.05B [Q2] → $6.18B (+$123M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.63% less ownership
Funds ownership: 42.52% [Q2] → 41.89% (-0.63%) [Q3]
2% less funds holding
Funds holding: 411 [Q2] → 404 (-7) [Q3]
11% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 64
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Alexei Gogolev 46% 1-year accuracy 12 / 26 met price target | 8%upside $52 | Neutral Initiated | 9 Dec 2024 |
Rosenblatt Blair Abernethy 56% 1-year accuracy 29 / 52 met price target | 29%upside $62 | Buy Maintained | 8 Nov 2024 |
Piper Sandler Clarke Jeffries 61% 1-year accuracy 30 / 49 met price target | 35%upside $65 | Overweight Maintained | 8 Nov 2024 |
Financial journalist opinion
