Robeco Schweiz AG Cuts Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Robeco Schweiz AG lessened its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,706 shares of the company's stock after selling 41,731 shares during the quarter. Robeco Schweiz AG owned 0.11% of Bentley Systems worth $14,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of Bentley Systems in the third quarter worth approximately $30,000. Tobam purchased a new position in shares of Bentley Systems during the 4th quarter worth $55,000. Anchor Investment Management LLC bought a new stake in shares of Bentley Systems during the 3rd quarter valued at $110,000. IFP Advisors Inc increased its stake in shares of Bentley Systems by 4,627.3% in the 4th quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock worth $220,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Bentley Systems in the 3rd quarter worth $221,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Trading Down 0.3 %

BSY stock traded down $0.14 during midday trading on Friday, reaching $43.90. 2,708,554 shares of the company traded hands, compared to its average volume of 1,259,799. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 3.52 and a beta of 1.03. 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 moving average of $46.46 and a 200-day moving average of $48.29. Bentley Systems, Incorporated has a 52-week low of $42.46 and a 52-week high of $57.19.

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Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a $0.07 dividend. The ex-dividend date is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Insiders Place Their Bets

In related news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction dated 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 directly owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BSY shares. Rosenblatt Securities reissued a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a report on Tuesday, February 25th. Robert W. Baird lowered their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $51.00 to $42.00 in a report on Friday. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, Piper Sandler decreased their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Bentley Systems presently has a consensus rating of "Moderate Buy" and an average price target of $56.14.

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.