Natixis Makes New $8.03 Million Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Natixis acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 171,974 shares of the company's stock, valued at approximately $8,031,000. Natixis owned about 0.06% of Bentley Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Bentley Systems by 4.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,648 shares of the company's stock worth $731,000 after purchasing an additional 650 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bentley Systems by 11.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 871,594 shares of the company's stock worth $40,711,000 after buying an additional 90,860 shares during the period. Ecofi Investissements SA grew its holdings in shares of Bentley Systems by 24.4% during the fourth quarter. Ecofi Investissements SA now owns 127,500 shares of the company's stock valued at $5,517,000 after buying an additional 25,000 shares during the last quarter. Commerce Bank grew its holdings in shares of Bentley Systems by 1.6% during the fourth quarter. Commerce Bank now owns 148,212 shares of the company's stock valued at $6,921,000 after buying an additional 2,268 shares during the last quarter. Finally, Walleye Trading LLC acquired a new position in shares of Bentley Systems in the 4th quarter valued at $1,119,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

BSY stock traded up $0.48 during midday trading on Thursday, hitting $43.90. 998,191 shares of the stock traded hands, compared to its average volume of 1,203,688. The stock's fifty day simple moving average is $42.48 and its 200-day simple moving average is $46.04. The firm has a market cap of $12.78 billion, a P/E ratio of 39.55, a PEG ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year 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.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is currently 38.36%.

Analyst Ratings Changes

Several research firms have weighed in on BSY. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price target for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a report on Tuesday, February 25th. Robert W. Baird decreased their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. KeyCorp dropped their price objective on shares of Bentley Systems from $63.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Mizuho decreased their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.70.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.12% of the stock is owned by company insiders.

About Bentley Systems

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.