XTX Topco Ltd Reduces Position in Bentley Systems, Incorporated (NASDAQ:BSY)

XTX Topco Ltd decreased its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 79.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,952 shares of the company's stock after selling 34,152 shares during the quarter. XTX Topco Ltd's holdings in Bentley Systems were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BSY. Swedbank AB grew its position in shares of Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company's stock worth $327,242,000 after buying an additional 1,873,029 shares during the period. Impax Asset Management Group plc boosted its stake in Bentley Systems by 41.9% in the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock worth $115,719,000 after purchasing an additional 736,369 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Bentley Systems by 591.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock valued at $26,446,000 after acquiring an additional 475,361 shares in the last quarter. LBP AM SA bought a new position in shares of Bentley Systems during the fourth quarter valued at $13,591,000. Finally, Renaissance Technologies LLC grew its stake in shares of Bentley Systems by 526.0% in the fourth quarter. Renaissance Technologies LLC now owns 274,800 shares of the company's stock worth $12,833,000 after acquiring an additional 230,900 shares during the period. Institutional investors own 44.16% of the company's stock.

Bentley Systems Price Performance

Shares of BSY traded down $0.46 during midday trading on Friday, hitting $43.44. 826,423 shares of the company traded hands, compared to its average volume of 1,203,043. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.52 and a beta of 1.06. The firm has a 50 day moving average of $42.33 and a 200-day moving average of $45.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $57.19.

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a dividend of $0.07 per share. 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. Bentley Systems's dividend payout ratio is presently 38.36%.

Analysts Set New Price Targets

BSY has been the subject of several research analyst reports. KeyCorp cut their price objective on Bentley Systems from $63.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Mizuho reduced their price target 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. Oppenheimer upgraded shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Thursday, April 10th. Piper Sandler cut their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.70.

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.