Skandinaviska Enskilda Banken AB publ Buys 475,361 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Skandinaviska Enskilda Banken AB publ increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 591.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 555,702 shares of the company's stock after purchasing an additional 475,361 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.19% of Bentley Systems worth $26,446,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in Bentley Systems in the 3rd quarter worth $30,000. Private Trust Co. NA increased its stake in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after buying an additional 378 shares in the last quarter. Tobam purchased a new stake in Bentley Systems in the 4th quarter worth $55,000. Tortoise Investment Management LLC increased its stake in Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after buying an additional 728 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in Bentley Systems in the 3rd quarter worth $110,000. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Down 1.2 %

BSY traded down $0.49 on Tuesday, hitting $41.94. The company had a trading volume of 1,032,879 shares, compared to its average volume of 1,196,498. The company has a market cap of $12.23 billion, a PE ratio of 37.78, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 12-month low of $39.98 and a 12-month high of $57.19. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The business's fifty day simple moving average is $45.28 and its 200 day simple moving average is $47.62.

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Bentley Systems Increases Dividend

The business 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 $0.07 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 annualized dividend and a yield of 0.67%. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BSY shares. Oppenheimer lowered Bentley Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Robert W. Baird cut their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Rosenblatt Securities restated a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and cut their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. began coverage on Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 price objective for the company. One 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $56.14.

Insider Buying and Selling

In other Bentley Systems 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 value of $53,372.16. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.12% of the stock is currently owned by company insiders.

Bentley Systems Company 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.