Montanaro Asset Management Ltd Buys 26,741 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Montanaro Asset Management Ltd raised its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 331,416 shares of the company's stock after acquiring an additional 26,741 shares during the quarter. Bentley Systems makes up 3.0% of Montanaro Asset Management Ltd's portfolio, making the stock its 14th biggest holding. Montanaro Asset Management Ltd owned 0.11% of Bentley Systems worth $16,839,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its holdings in shares of Bentley Systems by 1.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company's stock worth $779,000 after purchasing an additional 220 shares during the period. Advisor OS LLC lifted its stake in shares of Bentley Systems by 0.7% during the 2nd quarter. Advisor OS LLC now owns 30,983 shares of the company's stock worth $1,529,000 after acquiring an additional 226 shares during the last quarter. Magnolia Capital Advisors LLC lifted its stake in shares of Bentley Systems by 5.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company's stock worth $242,000 after acquiring an additional 249 shares during the last quarter. GAMMA Investing LLC raised its position in Bentley Systems by 90.1% during the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company's stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Finally, WR Wealth Planners LLC raised its position in Bentley Systems by 4.5% during the 2nd quarter. WR Wealth Planners LLC now owns 6,435 shares of the company's stock valued at $318,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BSY shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday. The Goldman Sachs Group decreased their target price on Bentley Systems from $57.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Piper Sandler increased their price target on Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $61.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

Insider Activity

In other news, Director Barry J. Bentley sold 34,987 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $48.37, for a total transaction of $1,692,321.19. Following the sale, the director now directly owns 12,213,248 shares of the company's stock, valued at $590,754,805.76. The trade was a 0.00 % 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 link. In related news, Director Barry J. Bentley sold 34,987 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $48.37, for a total transaction of $1,692,321.19. Following the transaction, the director now directly owns 12,213,248 shares of the company's stock, valued at approximately $590,754,805.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry J. Bentley sold 50,000 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the transaction, the director now directly owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,032 shares of company stock worth $16,168,176 over the last 90 days. 21.12% of the stock is currently owned by company insiders.

Bentley Systems Stock Down 4.9 %

Shares of NASDAQ:BSY traded down $2.51 during mid-day trading on Friday, hitting $48.58. 1,122,696 shares of the company traded hands, compared to its average volume of 717,428. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.49 and a current ratio of 0.49. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19. The firm's 50 day simple moving average is $49.48 and its 200 day simple moving average is $50.38. The firm has a market cap of $14.12 billion, a P/E ratio of 43.77, a PEG ratio of 4.17 and a beta of 1.04.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio (DPR) is 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.