Bentley Systems, Incorporated (NASDAQ:BSY) Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 78.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,484 shares of the company’s stock after purchasing an additional 8,102 shares during the quarter. Entropy Technologies LP’s holdings in Bentley Systems were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in Bentley Systems in the third quarter valued at $30,000. Tobam purchased a new position in shares of Bentley Systems in the 4th quarter valued at about $55,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Bentley Systems by 500.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $61,000 after acquiring an additional 1,000 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Bentley Systems by 71.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock worth $107,000 after purchasing an additional 880 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Bentley Systems in the third quarter valued at approximately $110,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Bentley Systems Trading Up 0.7 %

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

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.51%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now directly owns 16,705,028 shares of the company’s stock, valued at approximately $779,623,656.76. The trade was a 0.41 % 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 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.