Avanza Fonder AB Takes $376,000 Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Avanza Fonder AB acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,052 shares of the company's stock, valued at approximately $376,000.

Other large investors also recently added to or reduced their stakes in the company. Impax Asset Management Group plc bought a new position in Bentley Systems during the 3rd quarter worth about $88,771,000. Swedbank AB boosted its stake in shares of Bentley Systems by 24.2% during the third quarter. Swedbank AB now owns 5,134,295 shares of the company's stock valued at $260,874,000 after purchasing an additional 1,000,000 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Bentley Systems during the third quarter valued at approximately $42,773,000. Creative Planning increased its holdings in Bentley Systems by 67.9% during the second quarter. Creative Planning now owns 1,091,058 shares of the company's stock valued at $53,855,000 after buying an additional 441,316 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Bentley Systems in the second quarter worth approximately $20,402,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total value of $3,246,971.91. Following the sale, the director now owns 16,705,028 shares in the company, valued at $779,623,656.76. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry J. Bentley sold 50,000 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $48.95, for a total value of $2,447,500.00. Following the sale, the director now directly owns 12,048,235 shares in the company, valued at approximately $589,761,103.25. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BSY shares. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target on the stock. Piper Sandler cut their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.29.

Bentley Systems Stock Performance

Bentley Systems stock traded down $0.54 during mid-day trading on Monday, reaching $45.44. 3,051,065 shares of the company traded hands, compared to its average volume of 794,067. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The firm's fifty day moving average is $47.77 and its two-hundred day moving average is $48.77. Bentley Systems, Incorporated has a fifty-two week low of $43.82 and a fifty-two week high of $57.19. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems's dividend payout ratio (DPR) is currently 21.62%.

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.