Entropy Technologies LP Raises Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Entropy Technologies LP lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 78.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,484 shares of the company’s stock after buying an additional 8,102 shares during the period. Entropy Technologies LP’s holdings in Bentley Systems were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Bentley Systems during the third quarter worth $59,400,000. Principal Financial Group Inc. raised its stake in shares of Bentley Systems by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock worth $10,396,000 after buying an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management purchased a new stake in shares of Bentley Systems in the 4th quarter worth about $8,413,000. Needham Investment Management LLC acquired a new stake in Bentley Systems in the 3rd quarter valued at about $2,134,000. Finally, Mirabella Financial Services LLP increased its holdings in Bentley Systems by 1,155.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company’s stock valued at $5,018,000 after acquiring an additional 92,768 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Up 0.7 %

Shares of NASDAQ BSY opened at $46.63 on Wednesday. The firm has a market cap of $13.56 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19. The firm’s 50 day moving average price is $47.09 and its 200 day moving average price is $48.46.

Bentley Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio (DPR) is 21.62%.

Insider Activity

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the sale, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 21.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Bentley Systems Profile

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.