Swiss National Bank decreased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 27.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 317,800 shares of the company’s stock after selling 119,800 shares during the quarter. Swiss National Bank’s holdings in Bentley Systems were worth $11,161,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Cresset Asset Management LLC boosted its stake in Bentley Systems by 6.5% during the 3rd quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock valued at $251,000 after purchasing an additional 296 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of 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 valued at $2,532,000 after buying an additional 305 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock worth $1,910,000 after buying an additional 326 shares during the period. National Pension Service boosted its position in shares of Bentley Systems by 63.0% during the fourth quarter. National Pension Service now owns 880 shares of the company’s stock worth $34,000 after buying an additional 340 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in Bentley Systems by 63.7% in the 4th quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock worth $34,000 after buying an additional 346 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.
Bentley Systems Price Performance
NASDAQ BSY opened at $31.40 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51. The company’s 50 day simple moving average is $31.61 and its 200 day simple moving average is $34.19. Bentley Systems, Incorporated has a 12 month low of $28.08 and a 12 month high of $59.25. The company has a market capitalization of $9.18 billion, a P/E ratio of 35.68, a PEG ratio of 2.02 and a beta of 1.00.
Bentley Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Mizuho cut their target price on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Piper Sandler upgraded shares of Bentley Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Friday, May 8th. Bank of America started coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price for the company. Barclays lowered their target price on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Finally, BMO Capital Markets set a $41.00 price objective on shares of Bentley Systems in a report on Friday. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Bentley Systems presently has a consensus rating of “Hold” and an average price target of $45.00.
Read Our Latest Research Report on BSY
About Bentley Systems
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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