Aigen Investment Management LP Has $1.54 Million Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Aigen Investment Management LP increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 636.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,876 shares of the company's stock after purchasing an additional 28,414 shares during the quarter. Aigen Investment Management LP's holdings in Bentley Systems were worth $1,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BSY. Swedbank AB raised its holdings in shares of Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company's stock valued at $327,242,000 after purchasing an additional 1,873,029 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Bentley Systems in the 3rd quarter valued at about $88,771,000. Fiera Capital Corp bought a new stake in shares of Bentley Systems in the 3rd quarter valued at about $42,773,000. Weiss Asset Management LP bought a new position in Bentley Systems in the 3rd quarter valued at about $10,501,000. Finally, Bar Harbor Wealth Management bought a new position in Bentley Systems in the 4th quarter valued at about $8,413,000. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY traded up $0.01 on Friday, reaching $43.02. 1,222,729 shares of the company's stock were exchanged, compared to its average volume of 1,285,382. The company has a fifty day moving average of $45.96 and a 200-day moving average of $48.04. Bentley Systems, Incorporated has a twelve month low of $41.84 and a twelve month high of $57.19. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 3.52 and a beta of 1.04. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Remove Ads

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Analyst Upgrades and Downgrades

BSY has been the topic of several research analyst reports. Robert W. Baird lowered their price target 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. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Piper Sandler lowered their price target 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. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.14.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 1,152 shares of the 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 approximately $773,890,575.08. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.12% of the stock is currently owned by company insiders.

About Bentley Systems

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.