2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP grew its position in shares of Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ) by 21.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 757,084 shares of the company’s stock after acquiring an additional 132,311 shares during the quarter.
Dimensional Fund Advisors LP’s holdings in Bentley Systems were worth $37,372,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in Bentley Systems during the fourth quarter valued at $16,424,000.
UBS Group AG raised its position in shares of Bentley Systems by 10.4% during the 4th quarter. UBS Group AG now owns 173,744 shares of the company’s stock valued at $9,066,000 after buying an additional 16,296 shares in the last quarter.
Corient Private Wealth LLC lifted its holdings in shares of Bentley Systems by 2.7% in the 4th quarter. Corient Private Wealth LLC now owns 19,103 shares of the company’s stock valued at $996,000 after acquiring an additional 509 shares during the last quarter.
Hsbc Holdings PLC grew its position in Bentley Systems by 119.4% in the fourth quarter. Hsbc Holdings PLC now owns 57,729 shares of the company’s stock worth $3,018,000 after acquiring an additional 31,413 shares in the last quarter.
Finally, TD Asset Management Inc increased its stake in Bentley Systems by 30.5% during the fourth quarter. TD Asset Management Inc now owns 17,733 shares of the company’s stock worth $925,000 after acquiring an additional 4,140 shares during the last quarter.
44.16% of the stock is owned by hedge funds and other institutional investors. Bentley Systems Stock Performance BSY stock opened at $50.
81 on Tuesday. Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.
19. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 47.
49, a PEG ratio of 4.19 and a beta of 1.03.
The business’s fifty day simple moving average is $49.30 and its two-hundred day simple moving average is $50.61.
The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.
36. Bentley Systems Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.
06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.
24 annualized dividend and a dividend yield of 0.47%. Bentley Systems’s payout ratio is presently 22.
43%. Analyst Ratings Changes Several equities analysts have recently weighed in on BSY shares. Piper Sandler reissued an “overweight” rating and set a $63.
00 target price on shares of Bentley Systems in a research report on Wednesday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Monday, September 16th.
Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Bentley Systems from $57.
00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock.
According to data from MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and an average target price of $59.57. Check Out Our Latest Stock Analysis on Bentley Systems Insider Activity In related news, Director Barry J.
Bentley sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.20, for a total transaction of $2,510,000.
00. Following the sale, the director now owns 12,298,230 shares of the company’s stock, valued at $617,371,146. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
In related news, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.
20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now directly owns 12,298,230 shares of the company’s stock, valued at approximately $617,371,146.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Raymond B. Bentley sold 91,045 shares of the business’s stock in a transaction dated Tuesday, September 3rd.
The shares were sold at an average price of $49.43, for a total value of $4,500,354.35.
Following the sale, the director now owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. The disclosure for this sale can be found here .
Insiders own 21.12% of the company’s stock. About Bentley Systems ( 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. Featured Stories Want to see what other hedge funds are holding BSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ).
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