Equitable Trust Co. Purchases Shares of 9,910 Bentley Systems, Incorporated (NASDAQ:BSY)

Equitable Trust Co. purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,910 shares of the company's stock, valued at approximately $463,000.

A number of other institutional investors also recently made changes to their positions in the stock. Entropy Technologies LP raised its holdings in shares of Bentley Systems by 78.0% during the fourth quarter. Entropy Technologies LP now owns 18,484 shares of the company's stock valued at $863,000 after acquiring an additional 8,102 shares during the period. Tobam bought a new stake in Bentley Systems in the 4th quarter valued at $55,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Bentley Systems by 1.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 325,168 shares of the company's stock valued at $15,185,000 after purchasing an additional 3,126 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Bentley Systems in the 4th quarter valued at $918,000. Finally, Swedbank AB raised its stake 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 buying an additional 1,873,029 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

BSY stock traded up $0.54 during mid-day trading on Friday, reaching $47.25. 895,734 shares of the company traded hands, compared to its average volume of 1,189,212. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $13.74 billion, a P/E ratio of 42.57, a P/E/G ratio of 3.50 and a beta of 1.03. The company has a fifty day moving average price of $46.84 and a 200-day moving average price of $48.41.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. Bentley Systems's dividend payout ratio (DPR) is 21.62%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 21.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BSY shares. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective for the company. Piper Sandler lowered their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

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.