Published on 24 Aug 2023 on Insider Monkey via Yahoo Finance

Do You Believe in the Growth Potential of Bentley Systems, Incorporated (BSY)?

Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund APFDX returned 1.78%, Advisor Class fund APDDX posted a return of 1.78%, and Institutional Class fund APHDX returned 1.83%, compared to a return of 6.18% for the MSCI All Country World Index. Security selection in the IT and healthcare Sector led the fund to underperform in the quarter. Year-to-date, APFDX, APDDX, and APHDX returned 13.51%, 13.54%, and 13.68%, respectively, compared to 13.93% for the benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Artisan Global Discovery Fund highlighted stocks like Bentley Systems, Incorporated (NASDAQ:BSY) in the second quarter 2023 investor letter. Headquartered in Exton, Pennsylvania, Bentley Systems, Incorporated (NASDAQ:BSY) is an infrastructure engineering software solutions provider. On August 23, 2023, Bentley Systems, Incorporated (NASDAQ:BSY) stock closed at $47.41 per share. One-month return of Bentley Systems, Incorporated (NASDAQ:BSY) was -10.17%, and its shares gained 22.10% of their value over the last 52 weeks. Bentley Systems, Incorporated (NASDAQ:BSY) has a market capitalization of $13.984 billion.

Artisan Global Discovery Fund made the following comment about Bentley Systems, Incorporated (NASDAQ:BSY) in its second quarter 2023 investor letter: