9,529 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,529 shares of the company’s stock, valued at approximately $447,000.

A number of other institutional investors have also bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in Bentley Systems during the third quarter valued at $30,000. Private Trust Co. NA lifted its stake in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares in the last quarter. Tobam bought a new position in shares of Bentley Systems during the 4th quarter valued at about $55,000. Anchor Investment Management LLC purchased a new position in shares of Bentley Systems during the third quarter valued at about $110,000. Finally, Quest Partners LLC bought a new stake in shares of Bentley Systems in the third quarter worth about $221,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BSY has been the subject of a number of research reports. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Oppenheimer downgraded Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $51.00 to $42.00 in a report on Friday, February 28th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.14.

Bentley Systems Stock Down 1.4 %

Shares of BSY opened at $42.22 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $46.24 and a 200 day moving average of $48.17. The company has a market cap of $12.31 billion, a PE ratio of 38.04, a P/E/G ratio of 3.52 and a beta of 1.03. Bentley Systems, Incorporated has a 52-week low of $41.96 and a 52-week high of $57.19.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio (DPR) is 38.36%.

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.