58,920 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. bought a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 58,920 shares of the company's stock, valued at approximately $2,752,000.

Several other large investors also recently added to or reduced their stakes in BSY. Point72 Hong Kong Ltd acquired a new position in shares of Bentley Systems in the third quarter worth $30,000. Tobam acquired a new position in shares of Bentley Systems in the fourth quarter worth $55,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bentley Systems by 71.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company's stock worth $107,000 after acquiring an additional 880 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Bentley Systems in the third quarter worth $110,000. Finally, Blue Trust Inc. increased its stake in shares of Bentley Systems by 291.0% in the third quarter. Blue Trust Inc. now owns 2,682 shares of the company's stock worth $132,000 after acquiring an additional 1,996 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

BSY stock traded down $0.91 during mid-day trading on Thursday, reaching $46.53. 1,068,776 shares of the stock traded hands, compared to its average volume of 1,113,787. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19. The business has a 50-day moving average of $46.82 and a two-hundred day moving average of $48.42. The firm has a market capitalization of $13.53 billion, a PE ratio of 41.92, a P/E/G ratio of 3.61 and a beta of 1.03.

Insider Buying and Selling at Bentley Systems

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 completion of the sale, the director now owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.12% of the company's stock.

Wall Street Analysts Forecast Growth

BSY has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. Piper Sandler decreased their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

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.