Quantbot Technologies LP purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,802 shares of the company's stock, valued at approximately $3,867,000.
A number of other institutional investors have also added to or reduced their stakes in BSY. Point72 Hong Kong Ltd bought a new position in Bentley Systems during the third quarter valued at about $30,000. Private Trust Co. NA grew its position in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after acquiring an additional 378 shares during the period. Tobam purchased a new stake in shares of Bentley Systems during the 4th quarter worth approximately $55,000. Atala Financial Inc bought a new stake in shares of Bentley Systems in the 4th quarter worth approximately $55,000. Finally, Tortoise Investment Management LLC lifted its stake in Bentley Systems by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after purchasing an additional 728 shares during the last quarter. 44.16% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Rosenblatt Securities reissued a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Tuesday, February 25th. Piper Sandler lowered their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a "neutral" rating and a $52.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.14.
Read Our Latest Research Report on Bentley Systems
Insider Activity at Bentley Systems
In related news, Director Keith A. Bentley sold 69,573 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now directly owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.12% of the stock is owned by corporate insiders.
Bentley Systems Price Performance
Bentley Systems stock traded up $0.30 during midday trading on Wednesday, reaching $42.18. 1,158,654 shares of the stock were exchanged, compared to its average volume of 1,200,929. Bentley Systems, Incorporated has a 52 week low of $39.98 and a 52 week high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $12.30 billion, a PE ratio of 38.00, a PEG ratio of 3.52 and a beta of 1.04. The company's fifty day moving average is $44.77 and its 200-day moving average is $47.31.
Bentley Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is 38.36%.
Bentley Systems Company Profile
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Free Report)
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.
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