Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,600 shares of the company's stock after selling 19,300 shares during the quarter. Swiss National Bank owned 0.16% of Bentley Systems worth $21,090,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Bentley Systems by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock worth $469,000 after buying an additional 317 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Bentley Systems by 4.3% in the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company's stock valued at $468,000 after purchasing an additional 378 shares during the period. Private Trust Co. NA boosted its stake in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Bentley Systems by 4.3% in the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock valued at $426,000 after purchasing an additional 380 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Bentley Systems by 5.4% in the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company's stock valued at $427,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 44.16% of the company's stock.

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Bentley Systems Stock Up 0.7 %

Bentley Systems stock traded up $0.29 during trading on Friday, reaching $41.94. The stock had a trading volume of 1,666,665 shares, compared to its average volume of 1,199,870. Bentley Systems, Incorporated has a 52-week low of $39.98 and a 52-week high of $57.19. The business has a 50 day moving average price of $44.92 and a 200 day moving average price of $47.41. 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 stock has a market cap of $12.23 billion, a PE ratio of 37.78, a P/E/G ratio of 3.52 and a beta of 1.04.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is presently 38.36%.

Insiders Place Their Bets

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the sale, the director now owns 16,705,028 shares of the company's stock, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BSY shares. Piper Sandler lowered their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Robert W. Baird lowered 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. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Bentley Systems currently has an average rating of "Moderate Buy" and an average price target of $56.14.

About Bentley Systems

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.