SG Americas Securities LLC Makes New $135,000 Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

SG Americas Securities LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,736 shares of the company’s stock, valued at approximately $135,000.

A number of other institutional investors have also recently made changes to their positions in the company. Forsta AP Fonden boosted its holdings in Bentley Systems by 45.0% in the 1st quarter. Forsta AP Fonden now owns 63,500 shares of the company’s stock valued at $3,316,000 after purchasing an additional 19,700 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Bentley Systems in the first quarter valued at approximately $935,000. Vanguard Group Inc. grew its position in Bentley Systems by 0.6% in the first quarter. Vanguard Group Inc. now owns 22,252,050 shares of the company’s stock worth $1,162,002,000 after acquiring an additional 134,516 shares during the period. Bridgewater Associates LP increased its stake in Bentley Systems by 10.5% during the fourth quarter. Bridgewater Associates LP now owns 325,786 shares of the company’s stock worth $17,000,000 after acquiring an additional 30,982 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Bentley Systems in the first quarter valued at $608,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Bentley Systems stock opened at $50.22 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $49.25 and a 200-day simple moving average of $50.80. The stock has a market cap of $14.49 billion, a P/E ratio of 46.93, a price-to-earnings-growth ratio of 4.21 and a beta of 1.03. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. The company had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. During the same period in the previous year, the business earned $0.20 EPS. Bentley Systems’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect that Bentley Systems, Incorporated will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BSY shares. Mizuho increased their price target on Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $61.00 price target on shares of Bentley Systems in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and issued a $63.00 price objective on shares of Bentley Systems in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Bentley Systems currently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

About Bentley Systems

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.