Bentley Systems (NASDAQ:BSY) Given New $50.00 Price Target at Mizuho

Bentley Systems (NASDAQ:BSY) had its price target decreased by equities researchers at Mizuho from $60.00 to $50.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 16.28% from the stock’s previous close.

Several other research analysts have also weighed in on BSY. Oppenheimer upgraded shares of Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Thursday, April 10th. The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $51.00 to $42.00 in a report on Friday, February 28th. UBS Group assumed coverage on Bentley Systems in a report on Monday, March 31st. They issued a “neutral” rating and a $48.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. Finally, Robert W. Baird reduced their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.56.

Bentley Systems Stock Performance

NASDAQ BSY opened at $43.00 on Tuesday. The business’s 50-day moving average price is $42.96 and its 200 day moving average price is $46.31. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems has a twelve month low of $36.51 and a twelve month high of $57.19. The company has a market capitalization of $12.54 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06.

Insiders Place Their Bets

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

Institutional Trading of Bentley Systems

Large investors have recently modified their holdings of the business. Swedbank AB increased its holdings 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 during the last quarter. Impax Asset Management Group plc increased its stake in shares of Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock worth $115,719,000 after buying an additional 736,369 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings 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 acquiring an additional 475,361 shares in the last quarter. Sone Capital Management LLC bought a new position in Bentley Systems during the 4th quarter valued at $17,884,000. Finally, BLI Banque de Luxembourg Investments bought a new position in Bentley Systems during the 4th quarter valued at $14,929,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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.