Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,446 shares of the company's stock after selling 6,032 shares during the quarter. Capital Research Global Investors owned 0.23% of Bentley Systems worth $31,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BSY. 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 buying an additional 378 shares in the last quarter. Tobam acquired a new stake in Bentley Systems in the fourth quarter valued at $55,000. Atala Financial Inc purchased a new stake in shares of Bentley Systems during the 4th quarter worth $55,000. Tortoise Investment Management LLC grew its stake in shares of Bentley Systems by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after purchasing an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Analysts Set New Price Targets

BSY has been the subject of a number of research reports. UBS Group started coverage on shares of Bentley Systems in a research report on Monday, March 31st. They set a "neutral" rating and a $48.00 target price for the company. Robert W. Baird reduced their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Piper Sandler cut their target price 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 raised shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Thursday, April 10th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of "Moderate Buy" and an average target price of $52.70.

Bentley Systems Trading Down 1.0 %

Shares of BSY traded down $0.46 during mid-day trading on Friday, reaching $43.44. The company had a trading volume of 826,423 shares, compared to its average volume of 1,202,185. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19. The firm has a fifty day simple moving average of $42.41 and a 200-day simple moving average of $46.01. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. 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%.

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.