Intech Investment Management LLC Has $379,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Intech Investment Management LLC decreased its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSYFree Report) by 33.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,256 shares of the company’s stock after selling 3,711 shares during the quarter. Intech Investment Management LLC’s holdings in Bentley Systems were worth $379,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BSY. Commerce Bank boosted its stake in Bentley Systems by 4.0% during the fourth quarter. Commerce Bank now owns 74,650 shares of the company’s stock worth $3,895,000 after buying an additional 2,882 shares in the last quarter. Montanaro Asset Management Ltd increased its stake in Bentley Systems by 6.2% in the fourth quarter. Montanaro Asset Management Ltd now owns 306,875 shares of the company’s stock valued at $16,013,000 after acquiring an additional 18,000 shares during the period. Aigen Investment Management LP raised its position in Bentley Systems by 73.9% in the fourth quarter. Aigen Investment Management LP now owns 16,522 shares of the company’s stock worth $862,000 after purchasing an additional 7,021 shares in the last quarter. Assetmark Inc. lifted its stake in Bentley Systems by 133.3% during the fourth quarter. Assetmark Inc. now owns 1,666 shares of the company’s stock worth $87,000 after purchasing an additional 952 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in Bentley Systems by 2.7% during the fourth quarter. Corient Private Wealth LLC now owns 19,103 shares of the company’s stock valued at $996,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

NASDAQ:BSY opened at $50.24 on Friday. The company has a market cap of $14.49 billion, a P/E ratio of 46.95, a P/E/G ratio of 4.66 and a beta of 1.08. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.57 and a current ratio of 0.57. Bentley Systems, Incorporated has a 52-week low of $44.76 and a 52-week high of $57.19. The stock’s 50-day simple moving average is $52.49 and its 200 day simple moving average is $51.45.

Bentley Systems (NASDAQ:BSYGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $337.76 million during the quarter, compared to analysts’ expectations of $335.00 million. Bentley Systems had a net margin of 28.09% and a return on equity of 32.62%. As a group, sell-side analysts forecast that Bentley Systems, Incorporated will post 0.85 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, June 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. Bentley Systems’s dividend payout ratio is 22.43%.

Insider Activity

In other news, Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the transaction, the director now owns 17,164,179 shares of the company’s stock, valued at $849,283,576.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Keith A. Bentley sold 88,925 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the transaction, the director now owns 17,164,179 shares in the company, valued at approximately $849,283,576.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith A. Bentley sold 118,949 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total value of $6,543,384.49. Following the completion of the sale, the director now directly owns 17,031,803 shares of the company’s stock, valued at approximately $936,919,483.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 284,315 shares of company stock worth $15,148,243. Insiders own 21.12% of the company’s stock.

Analyst Ratings Changes

BSY has been the topic of several recent analyst reports. William Blair assumed coverage on Bentley Systems in a research note on Thursday, March 28th. They issued an “outperform” rating on the stock. Rosenblatt Securities reissued a “buy” rating and set a $60.00 price target on shares of Bentley Systems in a report on Tuesday, April 30th. Robert W. Baird upped their price objective on shares of Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $63.00 price objective (up previously from $60.00) on shares of Bentley Systems in a report on Wednesday, May 8th. Finally, Mizuho boosted their target price on Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.29.

Read Our Latest Research Report on BSY

Bentley Systems Profile

(Free Report)

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.

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

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