Rockefeller Capital Management L.P. Has $5.31 Million Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Rockefeller Capital Management L.P. lessened its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,748 shares of the company’s stock after selling 16,236 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Bentley Systems were worth $5,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bentley Systems by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock valued at $49,161,000 after purchasing an additional 15,372 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Bentley Systems during the 4th quarter worth approximately $809,000. Principal Financial Group Inc. lifted its stake in Bentley Systems by 20.5% in the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock valued at $10,396,000 after buying an additional 34,871 shares in the last quarter. Bar Harbor Wealth Management acquired a new position in shares of Bentley Systems in the fourth quarter valued at approximately $8,413,000. Finally, Bank of New York Mellon Corp increased its position in shares of Bentley Systems by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company’s stock worth $49,211,000 after acquiring an additional 97,950 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the transaction, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Oppenheimer upgraded Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, April 10th. UBS Group began coverage on Bentley Systems in a research note on Monday, March 31st. They issued a “neutral” rating and a $48.00 target price on the stock. Mizuho decreased their price target on shares of Bentley Systems from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Piper Sandler lowered their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.70.

Bentley Systems Stock Performance

Shares of NASDAQ BSY opened at $43.19 on Friday. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19. The stock has a 50 day moving average of $42.77 and a 200-day moving average of $46.22. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $12.59 billion, a P/E ratio of 38.91, a P/E/G ratio of 3.52 and a beta of 1.06.

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 given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. Bentley Systems’s dividend payout ratio 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.