Prudential PLC Purchases Shares of 10,093 Bentley Systems, Incorporated (NASDAQ:BSY)

Prudential PLC acquired a new position in Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,093 shares of the company’s stock, valued at approximately $373,000.

Several other large investors have also recently modified their holdings of the stock. CWM LLC boosted its holdings in Bentley Systems by 67.3% during the 3rd quarter. CWM LLC now owns 885 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Bentley Systems during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. purchased a new stake in Bentley Systems during the 4th quarter valued at about $37,000. Pacer Advisors Inc. boosted its holdings in Bentley Systems by 42.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,106 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares during the period. Finally, Altshuler Shaham Ltd purchased a new stake in Bentley Systems during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

Bentley Systems Trading Up 2.0 %

BSY opened at $46.58 on Friday. Bentley Systems, Incorporated has a 52 week low of $29.97 and a 52 week high of $46.97. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.72. The stock has a market cap of $13.12 billion, a PE ratio of 91.34, a PEG ratio of 8.46 and a beta of 1.20. The business has a 50 day moving average of $42.43 and a 200-day moving average of $39.82.

Bentley Systems (NASDAQ:BSY – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Bentley Systems had a return on equity of 38.40% and a net margin of 14.40%. The company had revenue of $287.00 million during the quarter, compared to analyst estimates of $280.85 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts predict that Bentley Systems, Incorporated will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Bentley Systems

In other Bentley Systems news, insider David R. Shaman sold 6,454 shares of Bentley Systems stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $45.05, for a total value of $290,752.70. Following the completion of the sale, the insider now owns 568,799 shares of the company’s stock, valued at approximately $25,624,394.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Bentley Systems news, insider David R. Shaman sold 6,454 shares of Bentley Systems stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $45.05, for a total value of $290,752.70. Following the completion of the sale, the insider now owns 568,799 shares of the company’s stock, valued at approximately $25,624,394.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kirk B. Griswold sold 35,000 shares of Bentley Systems stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $42.98, for a total value of $1,504,300.00. Following the completion of the sale, the director now directly owns 476,017 shares of the company’s stock, valued at approximately $20,459,210.66. The disclosure for this sale can be found here. Insiders sold a total of 267,698 shares of company stock valued at $11,795,673 in the last 90 days. Corporate insiders own 22.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BSY shares. Royal Bank of Canada increased their target price on Bentley Systems from $47.00 to $53.00 in a report on Wednesday, May 10th. Griffin Securities upgraded Bentley Systems from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, May 10th. Oppenheimer increased their price objective on Bentley Systems from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. KeyCorp increased their price objective on Bentley Systems from $47.00 to $53.00 in a report on Wednesday, May 10th. Finally, The Goldman Sachs Group cut Bentley Systems from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $47.00 in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.78.

About Bentley Systems

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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.