Lbp Am Sa Buys New Shares in Bentley Systems, Incorporated (NASDAQ:BSY)

LBP AM SA acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 291,020 shares of the company's stock, valued at approximately $13,591,000. LBP AM SA owned about 0.10% of Bentley Systems at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Bentley Systems by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after buying an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $809,000. Principal Financial Group Inc. grew its stake in shares of Bentley Systems by 20.5% during the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $8,413,000. Finally, Needham Investment Management LLC bought a new stake in shares of Bentley Systems during the third quarter valued at approximately $2,134,000. 44.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price target for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Rosenblatt Securities reissued a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. Robert W. Baird decreased their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a "neutral" rating and a $52.00 price target on the stock. Finally, 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. 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 MarketBeat.com, Bentley Systems presently has an average rating of "Moderate Buy" and a consensus target price of $56.14.

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Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.12% of the stock is owned by insiders.

Bentley Systems Trading Up 0.3 %

BSY traded up $0.14 during mid-day trading on Wednesday, hitting $42.01. The stock had a trading volume of 1,293,878 shares, compared to its average volume of 1,197,259. The stock's fifty day simple moving average is $45.20 and its 200-day simple moving average is $47.56. 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 firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 1-year low of $39.98 and a 1-year high of $57.19.

Bentley Systems Increases Dividend

The business also recently disclosed 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 is an increase from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. Bentley Systems's dividend payout ratio is currently 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.