Axa S.A. Boosts Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Axa S.A. lifted its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,603,157 shares of the company’s stock after purchasing an additional 112,824 shares during the quarter. Axa S.A. owned about 0.55% of Bentley Systems worth $74,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of Bentley Systems by 61.1% in 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 during the last quarter. Tobam acquired a new position in Bentley Systems in the fourth quarter valued at about $55,000. Atala Financial Inc purchased a new position in Bentley Systems during the fourth quarter worth about $55,000. Tortoise Investment Management LLC boosted its stake in Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after buying an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of Bentley Systems by 42.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after acquiring an additional 495 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BSY has been the subject of a number of research analyst reports. KeyCorp lowered their price objective on shares of Bentley Systems from $63.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. UBS Group assumed coverage on Bentley Systems in a research report on Monday, March 31st. They set a “neutral” rating and a $48.00 price target for the company. Oppenheimer upgraded 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. Rosenblatt Securities restated a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. Finally, Mizuho cut their price target on shares of Bentley Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.70.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $43.66 on Friday. The business has a 50-day simple moving average of $42.01 and a 200-day simple moving average of $45.74. The company has a market cap of $13.23 billion, a PE ratio of 39.33, a P/E/G ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. 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 0.64%. Bentley Systems’s dividend payout ratio is currently 38.36%.

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.