Bentley Systems (NASDAQ:BSY) Earns Neutral Rating from Analysts at UBS Group

Research analysts at UBS Group assumed coverage on shares of Bentley Systems (NASDAQ:BSY) in a research report issued on Monday, MarketBeat reports. The firm set a “neutral” rating and a $48.00 price target on the stock. UBS Group’s price objective points to a potential upside of 23.78% from the stock’s current price.

Several other analysts have also issued reports on BSY. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. JPMorgan Chase & Co. started coverage on Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target for the company. Oppenheimer lowered Bentley Systems from an “outperform” rating to a “market perform” rating in a research note 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 on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $51.00 to $42.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bentley Systems currently has a consensus rating of “Hold” and an average target price of $55.13.

Bentley Systems Stock Performance

Shares of BSY traded down $0.92 during mid-day trading on Monday, hitting $38.78. The company’s stock had a trading volume of 63,953 shares, compared to its average volume of 1,292,078. Bentley Systems has a one year low of $38.74 and a one year high of $57.19. The stock’s 50-day moving average is $44.46 and its two-hundred day moving average is $47.16. The firm has a market capitalization of $11.31 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 69,573 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now directly owns 16,705,028 shares of the company’s stock, valued at $779,623,656.76. The trade was a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bentley Systems

A number of institutional investors and hedge funds have recently bought and sold shares of BSY. Intech Investment Management LLC raised its position in Bentley Systems by 3.6% in the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company’s stock worth $340,000 after purchasing an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Bentley Systems by 3.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock valued at $469,000 after acquiring an additional 317 shares during the period. Quantinno Capital Management LP boosted its stake in Bentley Systems by 7.2% during the 4th quarter. Quantinno Capital Management LP now owns 5,261 shares of the company’s stock worth $246,000 after acquiring an additional 354 shares during the last quarter. Prudential PLC boosted its stake in Bentley Systems by 0.6% during the 4th quarter. Prudential PLC now owns 63,008 shares of the company’s stock worth $2,942,000 after acquiring an additional 371 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

About Bentley Systems

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.