23,951 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Walleye Trading LLC

Walleye Trading LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,951 shares of the company’s stock, valued at approximately $1,119,000.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares during the last quarter. Tobam acquired a new position in Bentley Systems in the fourth quarter valued at approximately $55,000. Atala Financial Inc purchased a new position in Bentley Systems in the fourth quarter worth approximately $55,000. Tortoise Investment Management LLC increased its stake in Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after acquiring an additional 728 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Oppenheimer upgraded shares of Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Thursday, April 10th. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. Piper Sandler cut their price objective on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp dropped their target price on Bentley Systems from $63.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.70.

Bentley Systems Stock Down 0.4 %

Shares of Bentley Systems stock opened at $43.19 on Friday. 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. The company has a 50 day moving average of $42.70 and a 200 day moving average of $46.17. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $57.19.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio is presently 38.36%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.12% of the company’s stock.

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.