Aigen Investment Management LP Has $227,000 Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Aigen Investment Management LP trimmed its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 58.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,462 shares of the company’s stock after selling 6,362 shares during the period. Aigen Investment Management LP’s holdings in Bentley Systems were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Bentley Systems by 4,618.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock valued at $26,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC increased its position in Bentley Systems by 90.1% during the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock worth $28,000 after buying an additional 273 shares during the last quarter. Blue Trust Inc. increased its position in Bentley Systems by 68,500.0% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $36,000 after buying an additional 685 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in Bentley Systems by 57.1% during the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after buying an additional 276 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Bentley Systems by 75.4% in the second quarter. Tortoise Investment Management LLC now owns 833 shares of the company’s stock worth $41,000 after buying an additional 358 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BSY shares. 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. The Goldman Sachs Group lowered their price target on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. Finally, Piper Sandler lifted their target price on shares of Bentley Systems from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Bentley Systems presently has an average rating of “Moderate Buy” and an average price target of $59.50.

Insider Activity at Bentley Systems

In other news, Director Barry J. Bentley sold 50,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $48.95, for a total value of $2,447,500.00. Following the sale, the director now owns 12,048,235 shares of the company’s stock, valued at approximately $589,761,103.25. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond B. Bentley sold 91,045 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the sale, the director now directly owns 16,598,656 shares in the company, valued at $820,471,566.08. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,032 shares of company stock valued at $16,168,176 over the last quarter. 21.12% of the stock is owned by company insiders.

Bentley Systems Stock Down 3.1 %

BSY opened at $46.59 on Friday. The business has a 50 day moving average of $49.40 and a 200-day moving average of $50.18. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 4.04 and a beta of 1.04. 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, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $335.17 million during the quarter, compared to the consensus estimate of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. As a group, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.9 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems’s payout ratio is 21.62%.

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.