Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 451,600 shares of the company’s stock after selling 19,300 shares during the quarter. Swiss National Bank’s holdings in Bentley Systems were worth $21,090,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in shares of Bentley Systems by 3.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock worth $469,000 after acquiring an additional 317 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Bentley Systems by 4.3% in the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock worth $468,000 after acquiring an additional 378 shares in the last quarter. Private Trust Co. NA grew its holdings in Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Bentley Systems by 4.3% during the 4th quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company’s stock valued at $426,000 after purchasing an additional 380 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Bentley Systems by 5.4% during the 4th quarter. Park Avenue Securities LLC now owns 9,138 shares of the company’s stock valued at $427,000 after purchasing an additional 467 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Trading Down 1.2 %

NASDAQ BSY opened at $41.94 on Wednesday. Bentley Systems, Incorporated has a 12 month low of $39.98 and a 12 month high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company’s fifty day moving average price is $45.20 and its two-hundred day moving average price is $47.56.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be given a $0.07 dividend. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 19th. Bentley Systems’s dividend payout ratio (DPR) is presently 38.36%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 21.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BSY. Oppenheimer lowered shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Robert W. Baird lowered their price target on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price target 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 report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.14.

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.