Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.22 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 31.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,613 shares of the company's stock after purchasing an additional 11,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Bentley Systems were worth $2,224,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB raised its holdings in Bentley Systems by 36.5% in the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company's stock worth $327,242,000 after purchasing an additional 1,873,029 shares in the last quarter. Impax Asset Management Group plc bought a new position in Bentley Systems in the third quarter worth about $88,771,000. Fiera Capital Corp bought a new position in Bentley Systems in the third quarter worth about $42,773,000. Weiss Asset Management LP bought a new position in Bentley Systems in the third quarter worth about $10,501,000. Finally, Bar Harbor Wealth Management bought a new position in Bentley Systems in the fourth quarter worth about $8,413,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Stock Down 0.3 %

Shares of BSY traded down $0.14 during midday trading on Friday, hitting $43.90. The company had a trading volume of 2,708,554 shares, compared to its average volume of 1,259,799. The company's 50-day simple moving average is $46.46 and its 200-day simple moving average is $48.29. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $12.80 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.52 and a beta of 1.03. Bentley Systems, Incorporated has a 1 year low of $42.46 and a 1 year high of $57.19.

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Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is 38.36%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now owns 16,705,028 shares of the company's stock, valued at approximately $779,623,656.76. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Piper Sandler cut their price objective 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. Oppenheimer downgraded shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday. Robert W. Baird cut their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. assumed coverage on Bentley Systems in a research report on Monday, December 9th. They issued a "neutral" rating and a $52.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $56.14.

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.