Bentley Systems, Incorporated $BSY Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,146,810 shares of the company’s stock after selling 39,345 shares during the quarter. Fiera Capital Corp owned 0.39% of Bentley Systems worth $59,038,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BSY. Vanguard Group Inc. raised its holdings in Bentley Systems by 10.7% during the third quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock worth $957,922,000 after purchasing an additional 1,792,591 shares in the last quarter. Swedbank AB increased its position in Bentley Systems by 2.3% during the 3rd quarter. Swedbank AB now owns 7,250,495 shares of the company’s stock worth $373,255,000 after purchasing an additional 160,594 shares during the period. Geode Capital Management LLC increased its position in Bentley Systems by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,230,547 shares of the company’s stock worth $173,877,000 after purchasing an additional 155,078 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Bentley Systems by 207.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,062,057 shares of the company’s stock worth $165,259,000 after buying an additional 2,066,725 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Bentley Systems by 27.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock valued at $127,986,000 after buying an additional 534,776 shares during the period. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Down 0.2%

Shares of NASDAQ BSY opened at $34.17 on Friday. The firm’s 50-day moving average is $37.43 and its two-hundred day moving average is $45.58. The company has a market capitalization of $9.98 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.21. Bentley Systems, Incorporated has a 12-month low of $30.97 and a 12-month high of $59.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BSY. JPMorgan Chase & Co. dropped their price objective on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. BMO Capital Markets began coverage on shares of Bentley Systems in a report on Thursday, January 22nd. They issued an “outperform” rating and a $48.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price objective on shares of Bentley Systems in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, January 21st. Finally, Barclays dropped their target price on shares of Bentley Systems from $57.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bentley Systems has an average rating of “Moderate Buy” and an average target price of $53.00.

Bentley Systems Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.