Natixis Advisors LLC Sells 11,008 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Natixis Advisors LLC cut its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 29.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,932 shares of the company's stock after selling 11,008 shares during the quarter. Natixis Advisors LLC's holdings in Bentley Systems were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BSY. Allspring Global Investments Holdings LLC increased its stake in shares of Bentley Systems by 4,618.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company's stock valued at $26,000 after buying an additional 508 shares during the period. GAMMA Investing LLC raised its holdings in Bentley Systems by 90.1% in the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company's stock worth $28,000 after purchasing an additional 273 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Bentley Systems by 68,500.0% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock valued at $36,000 after purchasing an additional 685 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company's stock worth $39,000 after buying an additional 276 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in Bentley Systems by 75.4% in the second quarter. Tortoise Investment Management LLC now owns 833 shares of the company's stock worth $41,000 after buying an additional 358 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of Bentley Systems stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $48.37, for a total transaction of $1,692,321.19. Following the transaction, the director now owns 12,213,248 shares of the company's stock, valued at $590,754,805.76. The trade was a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond B. Bentley sold 91,045 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the sale, the director now owns 16,598,656 shares in the company, valued at $820,471,566.08. The trade was a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 326,032 shares of company stock valued at $16,168,176 over the last 90 days. Company insiders own 21.12% of the company's stock.

Bentley Systems Stock Down 0.1 %

Shares of BSY traded down $0.04 on Wednesday, hitting $49.18. 748,979 shares of the stock traded hands, compared to its average volume of 1,207,263. The company has a market capitalization of $14.30 billion, a PE ratio of 44.31, a P/E/G ratio of 4.24 and a beta of 1.04. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19. 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 business has a 50 day simple moving average of $49.27 and a 200 day simple moving average of $49.87.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $335.17 million during the quarter, compared to analysts' expectations of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, equities analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio (DPR) is currently 21.62%.

Analyst Ratings Changes

BSY has been the subject of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $61.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their target price on shares of Bentley Systems from $57.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Piper Sandler lifted their price target on shares of Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

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.