APG Asset Management US Inc. Takes $235,000 Position in Bentley Systems, Incorporated (NASDAQ:BSY)

APG Asset Management US Inc. purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,032 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Swedbank AB grew its position in Bentley Systems by 36.5% during the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after purchasing an additional 1,873,029 shares in the last quarter. Impax Asset Management Group plc boosted its position in Bentley Systems by 41.9% during the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock valued at $115,719,000 after purchasing an additional 736,369 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Bentley Systems by 591.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company’s stock valued at $26,446,000 after purchasing an additional 475,361 shares in the last quarter. LBP AM SA acquired a new position in Bentley Systems in the 4th quarter worth about $13,591,000. Finally, Renaissance Technologies LLC raised its stake in shares of Bentley Systems by 526.0% during the 4th quarter. Renaissance Technologies LLC now owns 274,800 shares of the company’s stock worth $12,833,000 after purchasing an additional 230,900 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on BSY shares. JPMorgan Chase & Co. dropped their price objective on Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Oppenheimer downgraded shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Piper Sandler decreased their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird cut their target price on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.25.

Insider Activity

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.12% of the stock is owned by company insiders.

Bentley Systems Price Performance

NASDAQ BSY opened at $42.15 on Thursday. The stock has a market capitalization of $12.29 billion, a PE ratio of 37.97, a P/E/G ratio of 3.52 and a beta of 1.06. The stock has a 50-day simple moving average of $43.22 and a 200 day simple moving average of $46.52. 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 twelve month low of $36.51 and a twelve month high of $57.19.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were paid a $0.07 dividend. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. Bentley Systems’s dividend payout ratio (DPR) is presently 38.36%.

Bentley Systems Company 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.