XTX Topco Ltd Has $2.19 Million Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

XTX Topco Ltd boosted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 37.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,104 shares of the company's stock after purchasing an additional 11,851 shares during the period. XTX Topco Ltd's holdings in Bentley Systems were worth $2,190,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BSY. Swedbank AB lifted its holdings in shares of Bentley Systems by 514.5% during the 2nd quarter. Swedbank AB now owns 4,134,295 shares of the company's stock valued at $204,069,000 after buying an additional 3,461,500 shares during the last quarter. Impax Asset Management Group plc bought a new position in Bentley Systems during the third quarter valued at approximately $88,771,000. Fiera Capital Corp acquired a new stake in Bentley Systems in the third quarter valued at approximately $42,773,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Bentley Systems by 3.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,778,600 shares of the company's stock worth $778,832,000 after acquiring an additional 586,458 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Bentley Systems by 67.9% during the 2nd quarter. Creative Planning now owns 1,091,058 shares of the company's stock worth $53,855,000 after purchasing an additional 441,316 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.50.

Insider Buying and Selling

In other news, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $48.95, for a total value of $2,447,500.00. Following the completion of the transaction, the director now owns 12,048,235 shares in the company, valued at approximately $589,761,103.25. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 234,987 shares of company stock valued at $11,667,821 over the last three months. 21.12% of the stock is owned by corporate insiders.

Bentley Systems Stock Performance

Shares of NASDAQ BSY traded up $0.18 during trading hours on Friday, hitting $49.74. 715,448 shares of the company's stock were exchanged, compared to its average volume of 990,707. The company's 50-day moving average price is $49.17 and its 200-day moving average price is $49.56. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 4.32 and a beta of 1.03. 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 (NASDAQ:BSY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Bentley Systems's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Tuesday, December 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 21.62%.

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.