Bentley Systems, Incorporated (NASDAQ:BSY) Holdings Lifted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 153.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,469 shares of the company's stock after buying an additional 54,726 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Bentley Systems were worth $4,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA boosted its holdings in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after acquiring an additional 378 shares in the last quarter. Tobam bought a new position in Bentley Systems during the 4th quarter valued at $55,000. Atala Financial Inc acquired a new position in shares of Bentley Systems during the 4th quarter valued at $55,000. CIBC Private Wealth Group LLC raised its stake in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after buying an additional 495 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Bentley Systems by 76.9% in the fourth 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 during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Shares of BSY opened at $43.66 on Friday. The business's 50-day moving average is $42.01 and its 200-day moving average is $45.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.07 dividend. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. Bentley Systems's dividend payout ratio is presently 38.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Mizuho cut their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. 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. 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 objective for the company. Finally, Oppenheimer raised Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bentley Systems has a consensus rating of "Moderate Buy" and a consensus target price of $52.70.

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.

Want to see what other hedge funds are holding BSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bentley Systems, Incorporated (NASDAQ:BSY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.