314,000 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Acquired by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 314,000 shares of the company's stock, valued at approximately $14,929,000. BLI Banque de Luxembourg Investments owned 0.11% of Bentley Systems at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after acquiring an additional 378 shares during the last quarter. Tobam purchased a new position in shares of Bentley Systems in the fourth quarter worth about $55,000. Atala Financial Inc bought a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $55,000. CIBC Private Wealth Group LLC lifted its stake in shares of Bentley Systems by 42.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after buying an additional 495 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its stake in Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after buying an additional 728 shares in the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $43.66 on Friday. The firm has a market capitalization of $13.23 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19. The business's 50-day moving average price is $42.01 and its 200-day moving average price is $45.71.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. 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 annualized dividend and a dividend yield of 0.64%. Bentley Systems's dividend payout ratio (DPR) is 38.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BSY shares. Robert W. Baird cut their price target on 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 cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. KeyCorp lowered their target price on shares of Bentley Systems from $63.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, 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 research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.70.

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.

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