BlackRock Discloses 7.3% Passive Stake in Bentley Systems
Ticker: BSY · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1031308
| Field | Detail |
|---|---|
| Company | Bentley Systems Inc (BSY) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns 7.3% of Bentley Systems, a big vote of confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of 20,410,483 shares of Bentley Systems Inc. Common Stock as of December 31, 2023. This represents a 7.3% stake in the company, indicating BlackRock's significant passive investment. This matters to investors because it shows a large institutional holder has confidence in Bentley Systems, potentially signaling stability or future growth prospects.
Why It Matters
A significant stake by a major institutional investor like BlackRock can lend credibility to Bentley Systems and may influence other investors' perceptions of the stock's stability and long-term potential.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for other shareholders.
Analyst Insight
A smart investor would view BlackRock's significant passive stake as a positive signal, suggesting institutional confidence in Bentley Systems, and might consider this a factor in their own investment thesis.
Key Numbers
- 20,410,483 — Shares Owned (Total shares of Bentley Systems Inc. Common Stock beneficially owned by BlackRock Inc.)
- 7.3% — Ownership Percentage (The percentage of Bentley Systems Inc. Common Stock owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Bentley Systems Inc. (company) — the subject company whose stock is being reported
- 20,410,483 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 7.3% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
- January 31, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in Bentley Systems Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., as stated in the 'Names of reporting persons' section of the filing.
What is the subject company whose shares are being reported?
The subject company is BENTLEY SYSTEMS INC, as indicated in the 'Name of Issuer' section of the Schedule 13G.
As of what date did the event occur that required this filing?
The date of the event which requires filing of this statement was December 31, 2023, according to the filing.
How many shares of Bentley Systems Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 20,410,483 shares of Bentley Systems Inc. Common Stock, as detailed in the filing's cover page.
What percentage of Bentley Systems Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 7.3% of the class of Bentley Systems Inc. Common Stock, as reported on the cover page of the SC 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding BENTLEY SYSTEMS INC (BSY).