Ecofi Investissements SA Acquires 25,000 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Ecofi Investissements SA increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 127,500 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. Bentley Systems comprises 3.4% of Ecofi Investissements SA's investment portfolio, making the stock its 14th largest holding. Ecofi Investissements SA's holdings in Bentley Systems were worth $5,517,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after purchasing an additional 15,372 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Bentley Systems in the 4th quarter valued at about $809,000. Principal Financial Group Inc. boosted its position in shares of Bentley Systems by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after acquiring an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management purchased a new position in shares of Bentley Systems during the fourth quarter worth about $8,413,000. Finally, Bank of New York Mellon Corp increased its position in shares of Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the transaction, the director now directly owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 21.12% of the company's stock.

Wall Street Analysts Forecast Growth

BSY has been the topic of a number of research analyst reports. Oppenheimer raised shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered 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 report on Friday, February 28th. JPMorgan Chase & Co. dropped their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. KeyCorp reduced their price target on shares of Bentley Systems from $63.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird lowered their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.70.

Bentley Systems Trading Up 1.3 %

NASDAQ BSY traded up $0.55 on Thursday, hitting $43.97. The company's stock had a trading volume of 420,321 shares, compared to its average volume of 1,200,865. The firm has a market cap of $12.80 billion, a P/E ratio of 39.58, a PEG ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $57.19. The company's 50-day simple moving average is $42.48 and its 200 day simple moving average is $46.04. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.64%. Bentley Systems's dividend payout ratio is 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.