Bentley Systems (NASDAQ:BSY) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Bentley Systems (NASDAQ:BSY) had its price target hoisted by analysts at Rosenblatt Securities from $50.00 to $53.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities‘s price target suggests a potential upside of 18.70% from the stock’s previous close.

A number of other research firms also recently issued reports on BSY. Cantor Fitzgerald raised their price objective on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. BMO Capital Markets upped their target price on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Oppenheimer increased their price target on shares of Bentley Systems from $43.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $45.00 price target on shares of Bentley Systems in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Bentley Systems Trading Down 0.6%

Shares of NASDAQ:BSY opened at $44.65 on Friday. The stock’s 50-day simple moving average is $35.61 and its two-hundred day simple moving average is $34.51. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.78 and a beta of 0.98. Bentley Systems has a 52-week low of $28.08 and a 52-week high of $48.17. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.59 and a current ratio of 0.65.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Bentley Systems had a net margin of 19.57% and a return on equity of 29.99%. The firm had revenue of $421.51 million during the quarter, compared to analyst estimates of $420.69 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that Bentley Systems will post 1.20 EPS for the current year.

Insider Activity

In related news, Director Raymond Bentley sold 344,203 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $40.24, for a total value of $13,850,728.72. Following the completion of the sale, the director directly owned 14,316,404 shares of the company’s stock, valued at approximately $576,092,096.96. This represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 500,000 shares of company stock worth $20,089,565. Insiders own 20.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its holdings in shares of Bentley Systems by 19.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 5,235,307 shares of the company’s stock valued at $167,260,000 after purchasing an additional 867,821 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Bentley Systems by 253.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after buying an additional 3,429,087 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bentley Systems in the 2nd quarter valued at about $78,738,000. Bessemer Group Inc. lifted its holdings in shares of Bentley Systems by 36.2% in the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock valued at $91,320,000 after acquiring an additional 691,806 shares during the last quarter. Finally, Madison Asset Management LLC bought a new position in shares of Bentley Systems in the 2nd quarter valued at about $40,807,000. 44.16% of the stock is currently owned by institutional investors.

More Bentley Systems News

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

About Bentley Systems

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities.

The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.

Founded in 1984 by brothers Keith and Barry Bentley, the company serves customers around the world.