Mitsubishi UFJ Trust & Banking Corp Has $7.64 Million Stock Position in Bentley Systems, Incorporated $BSY

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 86.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,637 shares of the company’s stock after purchasing an additional 65,577 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bentley Systems were worth $7,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its stake in Bentley Systems by 31.1% in the first quarter. CWM LLC now owns 38,413 shares of the company’s stock valued at $1,511,000 after buying an additional 9,110 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Bentley Systems by 7.4% in the second quarter. AGF Management Ltd. now owns 109,983 shares of the company’s stock worth $5,936,000 after acquiring an additional 7,536 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Bentley Systems by 66.2% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 78,808 shares of the company’s stock valued at $4,244,000 after purchasing an additional 31,402 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Bentley Systems by 3.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,951,363 shares of the company’s stock valued at $105,314,000 after purchasing an additional 68,155 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Bentley Systems during the 1st quarter worth approximately $333,000. Institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of Bentley Systems in a report on Thursday, November 6th. Piper Sandler reduced their price objective on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group upped their target price on Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday, August 7th. Finally, Barclays began coverage on Bentley Systems in a research note on Tuesday, October 7th. They set an “equal weight” rating and a $57.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.73.

Bentley Systems Stock Performance

NASDAQ BSY opened at $43.17 on Monday. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 3.38 and a beta of 1.12. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The stock has a fifty day simple moving average of $51.02 and a 200 day simple moving average of $51.83.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $375.55 million for the quarter, compared to the consensus estimate of $369.57 million. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were issued a $0.07 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $0.28 annualized dividend and a yield of 0.6%. Bentley Systems’s dividend payout ratio is presently 33.33%.

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.