Atria Investments Inc lessened its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 8.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,845 shares of the company's stock after selling 6,661 shares during the period. Atria Investments Inc's holdings in Bentley Systems were worth $3,589,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems during the 3rd quarter valued at about $30,000. Private Trust Co. NA boosted 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 purchasing an additional 378 shares in the last quarter. Tobam bought a new position in shares of Bentley Systems during the 4th quarter valued at about $55,000. Anchor Investment Management LLC bought a new position in shares of Bentley Systems during the 3rd quarter valued at about $110,000. Finally, Quest Partners LLC bought a new position in shares of Bentley Systems during the 3rd quarter valued at about $221,000. Institutional investors own 44.16% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on BSY. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a "neutral" rating and a $52.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.14.
Read Our Latest Stock Analysis on BSY
Bentley Systems Stock Up 0.9 %
Shares of NASDAQ BSY traded up $0.38 during mid-day trading on Tuesday, reaching $41.52. The company had a trading volume of 1,848,447 shares, compared to its average volume of 1,320,766. The stock has a fifty day moving average of $45.73 and a two-hundred day moving average of $47.91. 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 company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 12-month low of $40.78 and a 12-month high of $57.19.
Bentley Systems Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 0.67%. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. Bentley Systems's dividend payout ratio is 38.36%.
Insider Activity at Bentley Systems
In related news, Director Keith A. Bentley sold 1,152 shares of the firm's 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 transaction, the director now owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.12% of the company's stock.
About Bentley Systems
(
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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