17,334 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,334 shares of the company's stock, valued at approximately $809,000.

Several other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Bentley Systems during the 3rd quarter valued at about $30,000. Tobam purchased a new stake in shares of Bentley Systems during the 4th quarter valued at about $55,000. Anchor Investment Management LLC purchased a new stake in shares of Bentley Systems during the 3rd quarter valued at about $110,000. IFP Advisors Inc boosted its holdings in shares of Bentley Systems by 4,627.3% during the 4th quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock valued at $220,000 after acquiring an additional 4,581 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Bentley Systems during the 3rd quarter valued at about $221,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a report on Tuesday, February 25th. Oppenheimer downgraded shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Robert W. Baird dropped their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $56.14.

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Bentley Systems Stock Performance

NASDAQ BSY traded up $0.38 on Tuesday, reaching $41.52. 1,848,447 shares of the stock were exchanged, compared to its average volume of 1,320,766. Bentley Systems, Incorporated has a one year low of $40.78 and a one year high of $57.19. The firm has a market capitalization of $12.11 billion, a PE ratio of 37.41, a PEG ratio of 3.52 and a beta of 1.04. The company's 50-day simple moving average is $45.73 and its two-hundred day simple moving average is $47.91. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.07 per share. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. Bentley Systems's dividend payout ratio (DPR) is presently 38.36%.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 21.12% of the stock is owned by company insiders.

Bentley Systems Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.