Tensor Edge Capital LLC lifted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 212.5% in the first quarter, Holdings Channel.com reports. The fund owned 260,400 shares of the company’s stock after purchasing an additional 177,067 shares during the quarter. Bentley Systems accounts for approximately 1.6% of Tensor Edge Capital LLC’s portfolio, making the stock its 16th largest position. Tensor Edge Capital LLC’s holdings in Bentley Systems were worth $9,145,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BSY. Cresset Asset Management LLC increased its stake in Bentley Systems by 6.5% in the third quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock valued at $251,000 after acquiring an additional 296 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Bentley Systems by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company’s stock worth $2,532,000 after purchasing an additional 305 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock valued at $1,910,000 after purchasing an additional 326 shares in the last quarter. National Pension Service grew its stake in shares of Bentley Systems by 63.0% in the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after purchasing an additional 340 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of Bentley Systems by 63.7% in the 4th quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock valued at $34,000 after purchasing an additional 346 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.
Bentley Systems Stock Performance
NASDAQ:BSY opened at $32.26 on Friday. The stock has a market capitalization of $9.43 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. Bentley Systems, Incorporated has a 1 year low of $28.08 and a 1 year high of $59.25. The firm has a 50 day moving average of $31.88 and a 200-day moving average of $35.01.
Bentley Systems Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is presently 31.82%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BSY shares. Piper Sandler upgraded Bentley Systems from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $45.00 in a research report on Friday, May 8th. BNP Paribas Exane started coverage on Bentley Systems in a research report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target on the stock. UBS Group dropped their price objective on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Bank of America began coverage on Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Mizuho reduced their target price on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.
Get Our Latest Stock Report on BSY
Bentley Systems Profile
Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.
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