Pictet Asset Management SA Has $13.37 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Pictet Asset Management SA raised its position in Bentley Systems, Incorporated (NASDAQ:BSYGet Rating) by 395.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 401,516 shares of the company’s stock after acquiring an additional 320,453 shares during the period. Pictet Asset Management SA owned approximately 0.15% of Bentley Systems worth $13,371,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Bentley Systems during the first quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bentley Systems by 181.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 830 shares of the company’s stock valued at $28,000 after buying an additional 535 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Bentley Systems by 209.9% during the second quarter. First Horizon Advisors Inc. now owns 973 shares of the company’s stock valued at $32,000 after buying an additional 659 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Bentley Systems by 315.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,226 shares of the company’s stock valued at $55,000 after buying an additional 931 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in Bentley Systems by 40.5% during the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,080 shares of the company’s stock worth $92,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Insider Activity at Bentley Systems

In related news, Director Barry J. Bentley sold 160,714 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $38.53, for a total transaction of $6,192,310.42. Following the sale, the director now directly owns 13,383,457 shares in the company, valued at approximately $515,664,598.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Barry J. Bentley sold 160,714 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $38.53, for a total transaction of $6,192,310.42. Following the sale, the director now directly owns 13,383,457 shares in the company, valued at approximately $515,664,598.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory S. Bentley sold 76,591 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $37.68, for a total value of $2,885,948.88. Following the sale, the chief executive officer now owns 8,731,799 shares in the company, valued at $329,014,186.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 365,790 shares of company stock worth $13,786,454. 22.53% of the stock is owned by company insiders.

Bentley Systems Stock Performance

Shares of BSY opened at $39.40 on Thursday. The firm has a market cap of $10.91 billion, a PE ratio of 66.78, a PEG ratio of 6.66 and a beta of 1.20. The stock’s fifty day moving average price is $34.12 and its two-hundred day moving average price is $35.16. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.57 and a quick ratio of 0.57. Bentley Systems, Incorporated has a 1 year low of $26.32 and a 1 year high of $60.20.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Thursday, September 8th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. Bentley Systems’s payout ratio is 20.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BSY shares. Rosenblatt Securities lifted their price target on Bentley Systems from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. Wolfe Research started coverage on Bentley Systems in a report on Tuesday, August 16th. They set an “outperform” rating and a $48.00 price target on the stock. Mizuho lifted their price target on Bentley Systems from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. TheStreet upgraded Bentley Systems from a “d+” rating to a “c-” rating in a report on Friday, August 12th. Finally, Royal Bank of Canada dropped their price target on Bentley Systems from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.89.

Bentley Systems Profile

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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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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