Entropy Technologies LP grew its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,484 shares of the company's stock after purchasing an additional 8,102 shares during the quarter. Entropy Technologies LP's holdings in Bentley Systems were worth $863,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of BSY. Point72 Hong Kong Ltd acquired a new stake in Bentley Systems in the third quarter worth $30,000. Tobam acquired a new stake in Bentley Systems in the fourth quarter worth $55,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Bentley Systems by 500.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company's stock worth $61,000 after purchasing an additional 1,000 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Bentley Systems by 71.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company's stock worth $107,000 after purchasing an additional 880 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in Bentley Systems in the third quarter worth $110,000. 44.16% of the stock is owned by institutional investors.
Bentley Systems Stock Up 1.2 %
Shares of Bentley Systems stock traded up $0.54 during trading hours on Friday, reaching $47.25. The company's stock had a trading volume of 895,734 shares, compared to its average volume of 1,189,212. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19. The company has a market capitalization of $13.74 billion, a P/E ratio of 42.57, a P/E/G ratio of 3.50 and a beta of 1.03. The stock's fifty day simple moving average is $46.84 and its two-hundred day simple moving average is $48.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.
Bentley Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems's payout ratio is currently 21.62%.
Insider Activity at Bentley Systems
In related news, Director Keith A. Bentley sold 1,152 shares of the firm's stock in a transaction dated 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 directly owns 16,703,876 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. 21.12% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on BSY shares. Rosenblatt Securities restated a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target for the company. Finally, Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.00.
Get Our Latest Analysis on BSY
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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