Heartland Adds Bentley Systems, Citing Infrastructure Software Demand
The fund opened a position in Bentley Systems in the third quarter, pointing to customer loyalty and potential demand for AI workloads.
Key takeaways
- Heartland Mid Cap Value Fund initiated a Bentley Systems position in the third quarter.
- The fund cited the company’s infrastructure software and potential AI-workload demand.
Heartland Mid Cap Value Fund opened a position in Bentley Systems during the third quarter, describing the infrastructure software company as attractive despite a negative industry narrative. The fund said it sees potential for sales and free cash flow to accelerate as customers use more of Bentley’s products for AI-oriented workloads.
The fund highlighted Bentley’s engineering software for infrastructure and said deep integration and proprietary data support customer loyalty. Bentley closed at $35.15 on Oct. 12. As of 14:00 UTC on Oct. 13, shares traded at $35.48, up 0.94% from the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
