Commonwealth Equity Services LLC Has $1.34 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Commonwealth Equity Services LLC cut its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,625 shares of the company's stock after selling 6,312 shares during the quarter. Commonwealth Equity Services LLC's holdings in Bentley Systems were worth $1,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BSY. Swedbank AB raised its position in shares of Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company's stock valued at $327,242,000 after acquiring an additional 1,873,029 shares during the period. Impax Asset Management Group plc increased its stake in Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after purchasing an additional 736,369 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Bentley Systems by 591.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock worth $26,446,000 after purchasing an additional 475,361 shares during the period. Weiss Asset Management LP acquired a new stake in Bentley Systems in the third quarter worth $10,501,000. Finally, Bar Harbor Wealth Management bought a new position in shares of Bentley Systems during the fourth quarter worth $8,413,000. Institutional investors and hedge funds own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the transaction, the director now directly owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.12% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

BSY has been the subject of a number of recent analyst reports. UBS Group assumed coverage on shares of Bentley Systems in a research report on Monday. They issued a "neutral" rating and a $48.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 price target on the stock. Oppenheimer lowered Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Robert W. Baird dropped their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and cut their price target for the company from $51.00 to $42.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.13.

Bentley Systems Stock Down 2.2 %

NASDAQ:BSY traded down $0.91 during trading hours on Thursday, reaching $40.22. 1,449,015 shares of the stock were exchanged, compared to its average volume of 1,255,349. The stock has a market cap of $11.73 billion, a PE ratio of 36.23, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a twelve month low of $38.66 and a twelve month high of $57.19. The firm has a 50 day moving average of $44.00 and a 200 day moving average of $46.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.70%. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is 38.36%.

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.