Published on 31 Mar 2024 on Insider Monkey via Yahoo Finance

Bentley Systems, Incorporated (BSY) Gains Fell Short of Index Gain in Q4

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy underperformed the Russell Midcap Growth Index and returned 13.66% (gross) and 13.44% (net) while the index return was -14.55%. In addition, please check the fund’s top five holdings to know its best picks in 2023.

TimesSquare Capital U.S. Mid Cap Growth Strategy featured stocks like Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter 2023 investor letter. Headquartered in Exton, Pennsylvania, Bentley Systems, Incorporated (NASDAQ:BSY) is an infrastructure engineering software solutions provider. On March 28, 2024, Bentley Systems, Incorporated (NASDAQ:BSY) stock closed at $52.22 per share. One-month return of Bentley Systems, Incorporated (NASDAQ:BSY) was 1.65%, and its shares gained 23.54% of their value over the last 52 weeks. Bentley Systems, Incorporated (NASDAQ:BSY) has a market capitalization of $15.526 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Bentley Systems, Incorporated (NASDAQ:BSY) in its fourth quarter 2023 investor letter: