Tredje AP fonden Lowers Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Tredje AP fonden lowered its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,118 shares of the company's stock after selling 18,118 shares during the period. Tredje AP fonden's holdings in Bentley Systems were worth $846,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Bentley Systems by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock worth $469,000 after purchasing an additional 317 shares during the period. CIBC Asset Management Inc boosted its holdings in Bentley Systems by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 9,203 shares of the company's stock worth $468,000 after buying an additional 378 shares during the period. Private Trust Co. NA grew its stake in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Bentley Systems by 4.3% during the 4th quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock valued at $426,000 after acquiring an additional 380 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Bentley Systems by 5.4% during the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company's stock worth $427,000 after acquiring an additional 467 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

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Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business's 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 transaction, the director now directly owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems Trading Up 0.3 %

Bentley Systems stock traded up $0.14 during trading hours on Wednesday, reaching $42.01. The stock had a trading volume of 1,293,878 shares, compared to its average volume of 1,197,259. The company has a fifty day simple moving average of $45.20 and a 200-day simple moving average of $47.56. Bentley Systems, Incorporated has a 52 week low of $39.98 and a 52 week high of $57.19. The stock has a market cap of $12.25 billion, a PE ratio of 37.85, a PEG ratio of 3.52 and a beta of 1.04. 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 will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is currently 38.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. Oppenheimer lowered Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target on the stock. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Finally, Piper Sandler decreased their price target 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 research 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. According to data from MarketBeat.com, the company 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.